News content
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Ethypharm, the French pharmaceutical company, is holding a bank meeting today (October 26) for €285.5m of new debt to finance the acquisition of DB Ashbourne, the UK branded drugs firm.
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Latin America development bank Corporación Andina de Fomento (CAF) has picked leads for a euro transaction and will hold investor calls this week.
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There were no new issues in the European FIG market on Monday, but bankers are optimistic that bank capital could return this week.
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Golden Meditech has closed its HK$985.70m ($127.19m) rights issue with shareholders taking up just 69% of the transaction, forcing its underwriter to absorb the remaining shares.
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Wenzhou Kangning Hospital Co started to test investor appetite for its IPO of around $100m on Monday, with bookbuilding expected to kick off in early November.
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China International Capital Corp (CICC) is continuing the recent run of Hong Kong IPOs counting on heavy cornerstone support from state-owned enterprises. The investment bank opened books on Monday for a HK$6.29bn ($811.61m) listing, with about half the trade already covered by SOEs.
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Malaysian telecommunications company Axiata Group has mandated banks for its first Islamic bond in more than three years.
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India's Religare Global Asset Management has refinanced existing loans with a fundraising of $150m.
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China General Nuclear Power Corp (CGNPC) is eyeing the dollar bond market for the second time this year, having mandated banks to work on investor meetings.
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VietinBank, one of the four largest state-owned commercial lenders in Vietnam, has doubled the size of its latest borrowing to $200m after fully exercising a greenshoe option.
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The central bank of Laos is making its debut in the syndicated loan market for a facility of $100m-$200m, as the country seeks to diversify its funding sources.
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Beijing Automotive Group (BAIC) and Rizal Commercial Banking Corp (RCBC) are venturing into the international debt market, opening books for their respective euro and dollar bonds.