News content

Singapore’s equity market appears jinxed this year following the failure of Jiangxi Jiangling Chassis’ S$49m ($34.8m) IPO, which would have been the first transaction to adopt the direct listing framework (DLF) with China. With the trade now in tatters, observers reckon it is time for the Lion City to rethink its IPO strategy, writes Rev Hui.

Euro commercial paper investors are buying an increasing amount of corporate ECP, according to market participants.

Philippine property developer SM Prime Holdings has started talks with lenders about a new facility to replace a $270m loan sealed in 2011.

ONGC Videsh,the international arm of India’s Oil and Natural Gas Corp, has sent out a request for proposals for a $750m refinancing with an undisclosed greenshoe.

Commonwealth Bank of Australia (CBA) is back in the RMBS market with an A$1bn ($718m) transaction that is due to price on Friday.

Korea Gas Corp (KoGas) is gearing up to raise as much as $1.7bn in offshore bonds next year, as part of plans to refinance existing debt and fund overseas projects.

IPO bankers are treading cautiously around two of the post-summer season’s most highly anticipated trades in Hong Kong, after a global sell-off in stocks sent investors packing and clouded the outlook on shares sales with China links.

Eager for winter, bankers headed north this week in search of ice and snow — along with a smattering of heavily voweled words, high alcohol content beverages and all things putrefied.

American Honda, the American subsidiary of the Japanese auto company, made its first euro appearance in two years on Thursday, becoming the second auto company to tap the euro market for fixed and floating paper this week.

Spain’s 10 year borrowing costs rose at an auction on Thursday to more than double their low for the year so far.

A $240m dividend recapitalisation loan for Asia Satellite Telecommunications' (AsiaSat) sponsor Carlyle has seen seven banks commit so far, with one more lender awaited.

The Securities and Exchange Board of India (Sebi) is planning to streamline the country’s debt capital markets by making details of onshore bond transactions available online. The move has been largely welcomed as it will inject some much-needed transparency into India’s markets while hopefully wooing more foreign investors, writes Narae Kim.