Deutsche Bank
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China Construction Bank Asia (CCB Asia) pulled off a smart move this week, getting ahead of an expected September rush of deals to price its debut Basel III tier two offering on Wednesday. With large volumes of bank capital expected from Chinese banks, getting in early allowed CCB Asia to come inside a rival's curve, writes Virginia Furness.
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Shanghai Electric priced its maiden bond on August 7, raising $500m with a five year offering. A high proportion of the book went to European investors, who saw better value in the underlying credit than Asian investors, who deemed it to be expensive for a regional name, according to bankers.
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E-commerce firm Alibaba finally looks ready to price its long-awaited jumbo IPO, after it emerged this week that it will begin meeting investors in early September.
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Malaysian conglomerate Sime Darby has mandated four banks to work on the IPO of its automobile unit, Sime Darby Motors, according to bankers close to the transaction.
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Pakistan has mandated four banks to arrange its second ever dollar denominated sukuk, despite its conventional bonds having lost 3pts-4pts in cash since the start of June.
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Delhi International Airport Limited (Dial) is preparing to join the procession of Indian high yield names making their debut in the international bond market, after picking for banks for a dollar deal.
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E-commerce giant Alibaba finally looks ready to price its long-awaited jumbo IPO with news emerging Wednesday that it is expected to begin a roadshow in the first week of September.
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Malaysian conglomerate Sime Darby has mandated four banks to work on the IPO of its automobile unit, Sime Darby Motors, according to bankers close to the transaction.
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A highly leveraged acquisition loan from Bureau van Dijk, expected to launch next month to back the company’s takeover by EQT, has attracted scrutiny following a week of volatility in the leveraged loan market. But existing lenders to the company have not deserted the borrower, a source at the private equity firm told GlobalCapital on Tuesday.
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Pakistan has mandated four banks to arrange it’s second ever dollar denominated sukuk despite its conventional bonds having lost 3-4pts in cash since the start of June.
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Bankers and investors are casting an increasingly critical eye on aggressive deals scheduled for launch in September, as relentless fund outflows indicate investors might not commit to risky paper as willingly as they had in the first half of 2014.
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Shanghai Electric priced its maiden bond on Thursday, raising $500m with a five year offering. A high proportion of the book went to European investors who saw better value in the underlying credit than Asian investors who deemed it to be expensive for a regional name, according to bankers.