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  • Punjab & Sind Bank has won approval from its board of directors to raise up to Rp15bn ($195.2m) from an issue of fresh equity, according to a stock exchange filing.
  • Chinese hotel company Huazhu Group, previously known as China Lodging Group, is asking lenders’ consent to waive some of the financial covenants on a recent syndicated loan.
  • Bankers working on Akesobio’s IPO are preparing for a tough allocation process as a flood of retail demand for the Hong Kong listing is set to leave little for institutional accounts, said a source close to the deal.
  • We're living in unprecedented times given Covid-19 related lockdowns, but there's no reason for us to lose all semblance of normality.
  • GSX Techedu, a Chinese kindergarten to 12th grade after-school tutoring platform, has been targeted by a US short-seller for allegedly inflating its revenue. The company has denied the allegations.
  • The CFO of Banco Santander Mexico told GlobalCapital that the lender had decided to get ahead of a possible surge in demand for credit by issuing the largest ever bond by a Mexican bank on Tuesday. But DCM and syndicate bankers worry that most Latin American issuers are not taking advantage of strong markets to shore up cash positions with the full impact of the Covid-19 crisis still unknown.