News content
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Azerbaijan's Southern Gas Corridor Company has released initial price thoughts for a 10 year bond at 7% yield area. The deal size has officially been set at benchmark, but GlobalCapital understands the state-owned company is looking for a deal of around $1bn.
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Chinese regional commercial lenders Bank of Tianjin and China Zheshang Bank are looking to raise a combined HK$23.1bn ($3.0bn) through listings in Hong Kong, with both issuers leaning heavily on cornerstone investors.
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India's Equitas Holdings is set to become the first small finance bank to list in the country and is lining up a Rp20bn ($300m) float in the first half of the year.
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Bank of Communications Financial Leasing sealed a popular $1bn dua tranche offering on Tuesday, drawing a huge crowd of investors amid a lack of dollar bonds from China this year.
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Hyundai Motor Co has sold half of its stake in South Korean state-owned Korea Aerospace Industries, raising W342bn ($291m) after pricing the block near the bottom of guidance.
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Cemex Holdings Philippines (CHP), an affiliate of cement giant Cemex, is looking at a potential Ps39.7bn ($851.6m) IPO as it waits for the go ahead from the country’s stock market regulator.
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Myanmar’s Yangon Stock Exchange (YSX) is preparing its first listing, with local conglomerate First Myanmar Investment (FMI) set to do the honours on March 25. But the IPO is unlikely to be a real test of market appetite, as it is not raising any new money with its transaction. Jonathan Breen reports.
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Akbank has received commitments for its first annual loan refinancing and will sign the deal on Friday.
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The Republic of Bulgaria is fully funded for 2016 and the international bond it printed earlier this week will be its only one for the year, according to deputy minister of finance Karina Karaivanova.
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Dubai Islamic Bank is embarking on a roadshow for a senior dollar sukuk, and looks likely to be the first bank from the Gulf Cooperation Council to enter the public bond markets this year.
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Banks must make their commitments for Standard Bank Kenya’s (Stanbic CfC) $100m loan within a week, according to a lead banker.
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AMTD Group has successfully wrapped up its debut outing to the international debt market, selling a $110m three year trade on Wednesday.