HSBC
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Yue Xiu Enterprises has made its debut in the equity-linked market with a $200m exchangeable bond, in a deal that saw a solid bookbuilding process with outrights flooding in to the transaction.
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Materis, the French construction chemicals and materials producer, has released tranche sizes and price guidance on two refinancing loans totalling €584m for its admixtures and decorative paint businesses.
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Indonesian telecommunications company Tower Bersama Group has sealed a loan of $300m dual currency loan, exercising the $100m greenshoe after the deal was oversubscribed.
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Tata Steel is kicking off investor meetings for what could be an inaugural dollar and euro denominated deal this week. In addition to being the latest in a string of Indian borrowers to explore the euro market this year, the company joins a club of high yield issuers from India that are surfacing in dollars.
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Every year Asiamoney reveals which bank, equity brokerage and debt house stands as the most impressive in each major Asian market. In Hong Kong, HSBC rises above all rivals for banking, equities and bonds.
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Export-Import Bank of China (Chexim) is looking to make its first dollar issue in nearly ten years, having been absent from the currency since October 2005. The quasi-sovereign’s announcement comes amid a rally in Chinese investment grade dollar-denominated bonds.
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China Railway Construction Corp is meeting investors this week in connection with a possible perpetual non call five offering.
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Advanced Semiconductor Engineering (ASE) issued Asia’s first corporate green bond on Thursday, attracting an enthusiastic response from investors. However, in a region where environmental sustainability still takes the backseat to economic growth, it was rarity value that attracted buyers to the inaugural three year issue rather than its green status.
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Indian Oil Corp has closed its $650m five year financing with 18 banks joining during syndication. The deal was described by bankers as a resounding success after commitments worth $1.15bn piled in.
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Property duo Sino-Ocean Land and Sunshine 100 are meeting investors next week in connection with a possible dollar offerings.
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Lai Sun Garment priced a new four year on July 17 and used investor friendly covenants to achieve tighter pricing. The structure proved attractive and the book was nearly five times subscribed.
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CCB Asia priced a $200m tap of its 3.25% 2019s on Wednesday. The borrower landed the tightest spread for a five year dollar issue by a Chinese bank this year as appetite for China brought in an eight times subscribed order book.