Asia - All Articles

  • Xiaomi makes a splash with $4bn CB/top-up

    Smartphone maker Xiaomi Corp pocketed $3.96bn this week from a record top-up placement and concurrent convertible bond issue. Investors flocked to the transaction for its rarity value, investment grade rating and the offer of a liquid and volatile stock. Jonathan Breen reports.

    • 11.30 AM
  • Covid ruins dance clubs, DCM shindigs

    In Hong Kong, it seems it only takes one septuagenarian ballroom dancer to cause a massive spike in coronavirus cases. But funding officials can be almost as dangerous.

    • 11.30 AM
  • Volkswagen ends dim sum hiatus despite tight year-end liquidity

    Germany’s Volkswagen ended an absence of almost seven years from the offshore renminbi bond market this week, braving a year-end dip in liquidity to seal a Rmb1bn ($153m) deal. It offered yet another diversification opportunity for the carmaker, which is already a well-established name in China’s onshore securitization market. Addison Gong reports.

    • 11.00 AM
  • Philippines sets new records in dollars

    The Republic of the Philippines sold its largest international bond in more than a decade this week, raising $2.75bn from a deal that received strong support from investors confident about the country’s control of Covid, and its outlook. It even managed to get away with a record low coupon on one of the tranches.

    • 10.45 AM
  • Kerry Express launches $278m Thai listing

    Thai express delivery company Kerry Express launched its IPO this week, aiming to raise up to Bt8.4bn ($278.2m) in proceeds.

    • 10.45 AM
  • Huaneng, Sichuan Languang bag new dollar deals

    Chinese state-owned electricity company China Huaneng Group Co sold two tranches of perpetual bonds on Wednesday, raising $1bn.

    • 10.30 AM
  • Hong Kong’s Airport Authority flies away with $1.5bn perpetual

    Investors took a long-term view on Hong Kong Airport Authority’s $1.5bn perpetual bond on Tuesday, shrugging off any Covid-19 related travel concerns to place $14.5bn of orders. Morgan Davis reports.

    • 10.30 AM
  • New World locks up $700m perp

    Hong Kong property company New World Development Co used a fixed-for-life perpetual structure to net $700m on Wednesday.

    • 10.30 AM
  • Longfor nets $606m from top-up, stock nosedives

    Chinese property developer Longfor Group Holdings tapped equity investors for HK$4.7bn ($606.3m) through a top-up placement on Tuesday.

    • 02 Dec 2020
  • Hong Kong Airport's $1.5bn deal soars

    Hong Kong's Airport Authority proved that Covid-19 related travel worries are of little concern for its dollar bond investors. The issuer attracted a final order book of $14.5bn for its $1.5bn dual-tranche deal on Tuesday.

    • 02 Dec 2020
  • Chinese issuers score new funding

    Four Chinese borrowers hit the dollar bond market on Tuesday, raising $745m between them.

    • 02 Dec 2020
  • Xiaomi bags $4bn from CB, share sale combo

    Chinese smartphone maker Xiaomi Corp has raised $3.96bn from a concurrent top-up placement and convertible bond issue.

    • 02 Dec 2020
  • PLN makes return for capex loan

    Indonesian state-owned electricity company Perusahaan Listrik Negara is planning a return to the market for a new $1bn loan.

    • 02 Dec 2020
  • China Resources Mixc eyes top pricing

    China Resources Mixc Lifestyle Services, the property management business of state-owned developer China Resources Land, is set to price its HK$12.3bn ($1.58bn) Hong Kong IPO at the top end of guidance.

    • 02 Dec 2020
  • Baker Bros bags $340m from BeiGene block

    Baker Bros Advisors, a shareholder in Chinese biopharmaceutical company BeiGene, has raised $340.1m from a sell-down of the firm’s American depositary shares.

    • 02 Dec 2020
  • JD Health prices HK$27bn IPO high on strong investor support

    JD Health International has raised HK$27bn ($3.5bn) after sealing its IPO at the top end of the marketed range, following a flood of global investor demand.

    • 02 Dec 2020
  • Vesync tests appetite for $200m float

    Home appliance retailer Vesync has started pre-deal investor education for its Hong Kong IPO, which is expected to raise around $200m, according to a source close to the deal.

    • 01 Dec 2020
  • Taiwan: banks don’t need lending guidelines

    Taiwan’s Ministry of Finance has reportedly asked state-owned banks to take six steps to avoid lending to companies that will end up defaulting. Some of these steps are obvious, others are impractical — and all of them are unnecessary.

    • 01 Dec 2020
  • Pop Mart markets $674m Hong Kong IPO

    Chinese toy company Pop Mart International Group has launched its IPO, looking to fund expansion with up to HK$5.2bn ($674m) in fresh capital.

    • 01 Dec 2020
  • UOB's former China CEO returns

    Singapore banking veteran Eric Lian has returned to UOB in a senior position after a stint at OCBC.

    • 01 Dec 2020
  • Geely’s Genius eyes fourth China ABS deal before year-end

    Genius Auto Finance Co, a joint venture between Geely Automobile Holdings and BNP Paribas Personal Finance, is readying a Rmb4.04bn ($614m) Generation 2020-4 retail auto loan securitization. Pricing is expected later this week.

    • 01 Dec 2020
  • JD-backed Dada Nexus targets $522m from ADS follow-on

    Chinese firm Dada Nexus has launched a follow-on offer of its Nasdaq-listed American depositary shares (ADS). The deal could raise around $521.6m.

    • 01 Dec 2020
  • Executive Centre relaunches $180m loan

    The Executive Centre, the Hong Kong-based co-working space operator, has relaunched its $180m five year loan after suspending syndication earlier this year owing to the outbreak of Covid-19.

    • 01 Dec 2020