News content
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Energy investor EIG has extended the deadline for its tender offer on the outstanding senior notes of troubled Colombian-Canadian oil firm Pacific Exploration & Production after receiving a lacklustre response from bondholders.
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One of the four lenders on Tata Communications’ latest $250m club loan is selling down some of its hold, launching the trade into syndication at four levels.
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The Hong Kong Stock Exchange has published a guide to help potential issuers produce clear listing documents, as it fears investors are drowning in a sea of jargon.
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South Korean game developer Netmarble Games is looking to raise as much as W2tr ($1.7bn) from an IPO and has given banks until February 18 to respond to a request for proposals.
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Export-Import Bank of India (India Exim) is considering selling a renminbi-denominated bond in China’s domestic market in the first half of the year.
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Clifford Modern Living Holdings, which provides property management services in China, has filed to list in Hong Kong via sole sponsor Guotai Junan Capital.
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The China auto ABS market is having a busy start this year with SAIC-GMAC Automotive Finance poised to follow in the footsteps of Beijing Hyundai and Volkswagen to become the third issuer in 2016. But the originator is creating a first for Chinese auto ABS with a revolving structure.
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South Korea’s Shinhan Bank plans to beef up its tier two capital buffer by as much as $500m in the first half of the year.
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Indian refiner Hindustan Petroleum Corp (HPCL), which in December picked five banks to supply a $465m 21 month refinancing, is set to open the transaction to retail lenders next week.
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The recent new issues from Turk Eximbank and Kuveyt Turk are both trading well, leading to hopes that further bonds from the country may follow.
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Two more Brazilian companies suffered multi-notch downgrades on Tuesday as the country’s macroeconomic woes continued to take a heavy toll on the corporate sector.
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Russia has the market’s attention this week, releasing an RFP for a bond of “up to $3bn”. The deal would be the country’s first since 2013.