News content

Turkey’s Garanti Bank will sign its second loan refinancing of the year in London on Friday, according to a lead banker.

Bank of East Asia (BEA) executed a landmark trade this week, completing Asia’s first dollar liability management exercise into a Basel III instrument. With old style bank capital instruments losing capital value, market observers hope there will be more such transactions, writes Rev Hui.

Baosteel Hong Kong Investment Co sold a $500m exchangeable bond this week at terms that were aggressive even at the bottom end. Bankers clashed over whether the mandate process, conducted like an accelerated bookbuild, was good for the market, writes John Loh.

Qatar’s Barwa Bank has established a $2bn sukuk issuance platform for the purchase of shariah compliant assets, according to Moody’s.

Logan Property Holdings Co raised HK$1.55bn ($200m) from a top-up placement on November 25, which was well received despite investors’ lack of familiarity with the company.

Allied Irish Banks (AIB) achieved tight pricing for its debut additional tier one on Thursday, profiting from the momentum of last week's tier two transaction.

Holders of City of Kiev’s Eurobonds could reject restructuring proposals at a meeting in London on December 8, according to analysts in Ukraine.

Guangdong Rising Asset Management (GRAM) has completed its inaugural offshore outing with a standby letter of credit from China Development Bank, with the leads finding it a challenging process to pick the best comparables.

Saka Energi Indonesia, a subsidiary of Perusahaan Gas Negara, has hit the market for a financing of up to $600m and is giving banks the option of booking the loan onshore or offshore.

Bank of Qingdao priced its HK$4.7bn ($606.5m) IPO at the bottom of guidance on November 25, leaning on a heavy cornerstone tranche and investors from Hong Kong and China to get over the finish line.

Birla Carbon and Fiat India have launched their respective dollar loans into syndication, with the former seeking $925m and the latter $250m.

India’s Reliance Industries signed its $1.47bn dual-currency loan on November 20 in Dubai, sealing the deal after commitments from a 30-strong group lenders.