News content
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Sumitomo Mitsui Banking Corporation has splashed out in euros, raising €1bn with a private club deal, its largest bond in the currency.
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The Indian Renewable Energy Development Agency (IREDA) is planning to sell Rp6bn ($90.6m) worth of tax-free bonds this month, expected to be labelled green. The debut issue will be followed by a larger Rp14bn deal in November.
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Genscript Biotech Corp is eyeing a $150m listing in Hong Kong, with the company filing an A1 with the city’s stock exchange via sole sponsor Haitong International Capital.
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Shenzhen Expressway Company is set to make its debut in the international bond market after scheduling investor meetings to start on Monday, September 7.
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Malaysia’s Al-Salām Reit has launched its MR252m ($60m) IPO, with the domestic-only float getting some early interest from Shariah investment focussed funds and investors with links to the property trust’s sponsor.
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Sadbhav Infrastructure Project is likely to price its Rp4.9bn ($74m) IPO at the top of its indicative price range, according to bankers on the transaction.
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Citic Capital Holdings has wrapped up its latest fundraising at HK$3bn ($387m), higher than the launch size of HK$1.80bn thanks to solid demand. The outcome was largely predicted by bankers as the company’s previous loan too was oversubscribed.
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Lotte Group has shortlisted seven candidates for the proposed listing of its hotel chain business, having sent out a request for proposals last month.
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The recent volatility experienced across global markets proved no obstacle to a RMBS trade from Commonwealth Bank of Australia. While the jittery market did force CBA to price at the investor-friendly end of guidance, the Australian bank managed to raise A$2bn ($1.4bn), double what it originally conveyed.
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Indonesian property developer Surya Semesta Internusa (SSIA) has shelved plans for a possible US dollar bond due to the volatility in global markets.
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Ye Chiu Group subsidiary, Harmony Group, has hit the market for a $150m loan led by a trio of banks. The Chinese aluminium recycler’s fundraising comes at a time when demand for industrial metals is slowing, but bankers reckon the company’s strong market position will help.
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The news that two Mexican Fibras are looking at international bond markets (see separate story) has done little to lift the mood among LatAm DCM and syndicate bankers who see year-to-date volumes falling further behind 2014 with each passing week.