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Secondary market selling of private bonds may be wreaking havoc with the primary market for public debt but the trades were still the right thing to do
Sovereign's $3bn deal tightens well as Asian demand returns
The sovereign's public and private bonds of similar maturities are trading over 25bp apart
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Ronshine China Holdings priced the new money portion of its exchange offer after building an order book that covered the deal almost 16 times over. The liability management exercise helped the issuer close the gap between its curve and that of similarly-rated Chinese property developer peers.
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China Forestry Group has returned to the offshore market, raising its second international loan through a Singaporean subsidiary.
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The controlling shareholders of India’s Emami Group sold a 10% stake in the company to pay off debt this week.
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Yuzhou Properties Co sold its third dollar bond deal of the year this week, bringing its total issuance for 2019 to $1.5bn.
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China’s Jinxin Fertility Group is planning to float on the Hong Kong Stock Exchange, according to a draft prospectus submitted to the bourse.
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Hyundai AutoEver Corp has kicked off investor education for an IPO that could raise up to W154.4bn ($137.2m), according to a source close to the deal.
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