Morgan Stanley
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Retail investors gave China Rundong Automobile Group’s HK$962m ($124m) IPO the cold shoulder as their tranche ended up only 32% covered. Luckily for the car dealer, there was enough interest from institutional accounts to make up the gap, allowing it to seal the deal on Wednesday. -
China Merchants Bank made a return to the bond market on Tuesday, August 5 but this time the proceeds of the deal will go to its subsidiary CMB Leasing.
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China’s big four banks have finally started issuing Basel III debt in size onshore in what is expected to be a huge supply of deals. Bank of China and Industrial and Commercial Bank of China are first put of the blocks and could soon be heading offshore as well.
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CMB Leasing, a subsidiary of China Merchants Bank, is conducting a two-pronged attack on the Asian capital markets and has opened guidance on a five year dollar bond after launching a loan into syndication on June 20.
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China’s Greenland Holding Group priced a $500m three year bond on Thursday after setting up a new MTN programme last week. The state owned real estate developer was met with a boisterous reception from investors and was able to tighten pricing by 37.5bp.
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Internal moves into Deutsche's SSA syndicate — Barclays hires BAML levfin banker — All change at JP Morgan ECM — StanChart makes switch to replace Nelson
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China’s Rundong Automobile Group opened books for a HK$1.1bn ($138m) Hong Kong IPO on Thursday, in a deal that is being offered at a big discount to some of the issuer's closest comparables.
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Tata Steel closed its first international bond on Thursday, July 24, as it looks to refinance loans from its 2008 acquisition of Corus. Despite pricing on a day when the Indian high yield sector saw $2.4bn of new issues, the trade nonetheless pulled in bids worth $9.1bn.
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The UK Debt Management Office raised its largest ever book for an inflation linked syndication on Tuesday when it opened a new 2058 line, despite the deal coming as the summer holidays are in full swing in the UK. The syndication also marks the first time the DMO has printed an inflation linker at a negative real yield.
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Chinese real estate developer KWG Property Holding made a successful return to the debt capital markets by printing a $400m bond after receiving an order book of $5.25bn.
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China Merchants Bank (CMB) is to meet with investors a new bond. The trade will be issued by wholly owned subsidiary Airvessel Finance Holding in what would be its debut international bond.
