News content
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HNA Capital successfully wrapped up its first dollar bond issue on August 11. The debutant's deal was the only one in the market, after it was assured that a private bank rebate and juicy pricing could draw demand.
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A $550m borrowing for Bank Rakyat Indonesia’s (BRI), which is due to be prefunded by a club of 11 banks, is expected to go into general syndication. Lenders are waiting for Bank Indonesia approval and are targeting signing by the end of August, with the first drawdown in the first week of September.
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Taiwan’s Asia Cement Corp is looking to end its more than two year absence from the convertible bond market, having obtained board approval for a $400m offering on August 11.
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A beauty parade is underway among banks in India for the sell-down of 10% of the government’s holdings in state-controlled Indian Oil Corp, which could net Rp101.6bn ($1.6bn) based on its current share price.
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The Government of the Union of Myanmar has hired Citi and Standard Chartered as sovereign credit rating advisers as it looks to pave its way to the international debt market.
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For the second time in two weeks a negative rating action on the Brazilian sovereign triggered a positive reaction in the country’s securities after Moody’s downgrade the country from Baa2 to Baa3.
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China’s National Development and Reform Commission (NDRC) has finally approved China Development Bank (CDB)’s long-waited Formosa bond issuance in Taiwan. NDRC’s approval of a Rmb5bn ($790m) quota will make CDB the first Chinese bank headquarters to issue in Taiwan’s RMB market.
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Nasdaq’s aggressive entry into energy futures markets has coincided with macro-economic forces that threaten to dampen investor interest in the space.
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The privatisation IPO of Poste Italiane, set to be one of the highlights of the ECM calendar in the second half of 2015, took another step forward on Tuesday when the company filed its request for listing to Borsa Italiana and its prospectus to Consob for approval.
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Oceana Group, a South African fishing company incorporated nearly a century ago and listed in Johannesburg, intends to raise R1.2bn ($94m) through a rights issue.
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Eurozone government yields dropped on Tuesday after the European Commission said the Greek government had struck a bail-out deal “in principle” — but the agreement does not signal the end of the euro market’s troubles, said SSA bankers.
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Medical Properties, the US real estate investment trust, held a call with European bond investors on Tuesday, for the second time this year, as it prepares to sell euro notes.