Deutsche Bank
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The popularity of China’s marquee technology firms is showing no signs of abating, with both Tencent Holdings and Baidu increasing the size of their borrowings following bumper responses. -
The race is on for India’s first insurance IPO as ICICI Prudential Life Insurance lines up banks for its up to $400m float.
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The wave of rights issues and capital raisings in the market this summer is so far going smoothly, with good news this week for Banco Popular Español, as its shares and rights perked up in trading.
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After five months of silence, corporate issuers have returned to the Kangaroo bond market as pent up demand provides a ready home for paper.
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After a slow start to the week, a torrent of covered bonds was priced on Wednesday and Thursday, as issuers sought to move quickly in case the market succumbs to one of many potential political risks it faces this month.
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Uniper, the Germany energy company subsidiary of E.ON, is preparing to syndicate a €5bn loan to a wider group of banks.
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Abu Dhabi's Mubadala has tightened the margin on its $1.75bn three year refinancing, despite the price on the original loan already being “eye-wateringly low”, according to one banker.
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Majorca-based travel services operator Hotelbeds has released price guidance on its €490m cov-lite seven year term loan ‘B’ following bank meetings on Tuesday in London.
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Malaysia’s Khazanah Nasional sold nearly 2% of its stake in IHH Healthcare this week, raising MR828.7m ($200.5m) from what is the sovereign wealth fund’s first block trade in the company’s shares since its listing in 2012.
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Japan’s SoftBank Group Corp has wrapped up a landmark $8.9bn sell-down in Alibaba Group Holdings through a combination of five separate transactions, including raising $5.5bn via the sale of mandatory exchangeable trust securities (METS). The size of the METS is impressive, making it the largest equity-linked deal globally since 2010, but it also came with a structure almost never seen before in Asia. Jonathan Breen reports.
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Argentine cable company Cablevision will begin meeting investors on Thursday ahead of a planned $500m bond issue.
