HSBC
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Malaysia’s Sunway Construction Group priced its MR478.44m ($127.60m) listing at the top of expectations on July 6, with strong local interest supporting the trade even as volatility hit equities in Hong Kong and China.
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Sri Lankan conglomerate John Keells has returned for its resort project financing, cutting the loan size by $50m to $395m in its second attempt. The original $445m facility was delayed after the incoming government in Sri Lanka changed rules on casino licences, which meant banks had to rethink the loan, taking into account the absence of casino revenues.
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Two Italian companies have announced plans for debt buybacks, with Finmeccanica and Telecom Italia both expected to complete tender offers next week.
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Petrochemical firm Thai Oil has mandated HSBC and Standard Chartered for a series of investor meeting starting on July 13.
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The Chinese property sector landed in the euro bond market for the first time on July 7, with China Overseas Land & Investment (Coli) raising €600m ($660m) from a four year offering.
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A public sector borrower eked out €500m of tightly priced euro supply on Tuesday, as activity in the currency was subdued while market participants digested the latest news on Greece’s bail-out negotiations.
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Germany’s KfW is to become the first borrower to sell a fixed rate dollar benchmark since negotiations between Greece and its creditors broke down at the end of June.
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Natural gas storage and transportation service provider CIMC Enric Holdings is seeking a $150m loan from the offshore market. The company has chosen one lender to arrange the fundraising, according to a banker away from the trade.
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Fonterra Co-operative Group, the New Zealand-based dairy company, has debuted in Taiwan’s RMB bond market, notching up a couple of landmarks in the process.
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China Overseas Land & Investment (Coli) is braving the international bond market with a euro bond on July 7 in spite of the continued volatility generated by the Greek debt crisis.
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HSBC has hired Antony Isaacs to be head of UK equity capital markets and corporate broking.
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Turkiye Sinai Kalkinma Bankasi, the industrial development bank, has closed a €256m-equivalent refinancing loan with banks, increasing it from the deal it signed last year.