Morgan Stanley
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HKBN, or Hong Kong Broadband Network, plans to start investor education for its IPO of around $600m from Monday, February 9, according to two bankers on the transaction. Indonesia’s Mitra Keluarga is also expected to hit the road on the same day for its own listing.
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India’s HDFC Bank could launch a Rp100bn ($1.62bn) share sale soon to bolster its capital position once it secures all the regulatory approvals.
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Isolux Corsán, the Spanish energy and construction firm, last night pulled its €600m initial public offering, in the first blow to what has been Europe’s strongest ECM region so far this year.
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Altice on January 30 achieved a successful sale for its €4.8bn-equivalent bond package backing its takeover of Portugal Telecom.
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The pace of activity in equity block trades picked up this week, even though European markets fell as often as they rose.
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Bond investors are hoping for a flood of US supply in the coming weeks as companies emerge from earnings blackout following a disappointing start to the year.
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Advanced Computer Solutions, the UK software and IT services provider, has widened pricing on the dollar tranches of its £498.5m acquisition loan, in response to weak market conditions in the US.
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Sino-Ocean Land Holdings has finally ended the drought of Chinese property bonds with a dual tranche five and 12 year offering on January 28. But despite the success of the deal, bankers are sceptical that a wave of developers will follow in its steps.
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Jasmine Broadband Internet Infrastructure Fund, a spin-off from Thailand’s Jasmine International Public Co, will start bookbuilding for institutional investors on its Bt36.67bn-Bt38.50bn ($1.12bn-$1.17bn) IPO on February 4. The retail tranche opened on Wednesday.
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Chinese property developer Sino-Ocean Land Holdings is looking to become the first from the much maligned sector to tap the international bond market this year, opening books to a dual tranche offering on January 28.
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The senior market was back in flow on Tuesday after a brief hiatus at the start of the week as market participants evaluated the results of the Greek election. A Syriza victory in the election was not enough to dull demand for FIG paper, with both Morgan Stanley and Rabobank drawing large order books for long dated deals.
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Chinese biotech company 3SBio, which was listed on the Nasdaq, is making a return to the equity capital markets, this time with a listing in Hong Kong.