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Guolian Securities has raised HK3.54bn ($457m) from its Hong Kong IPO, opting to take a cautious stance on the trade by pricing it just above the middle of guidance, keeping in mind the choppy market backdrop.
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Modern Dental Group and Hong Kong Mining Investments Holdings have filed for an IPO in Hong Kong, as Chinney Alliance mulls a spin-off and separate listing on the exchange.
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Larger companies needing growth capital have a useful source in Mexico’s stockmarket, where demand in roughly equal quantities from domestic and foreign investors has supported a strong rise in issuance. It is going through a dip this year – but as Jon Hay reports, if Mexico delivers on reforming energy markets, there will be plenty of deals to come.
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The Budapest branch of Bank of China was appointed by People's Bank of China as the official RMB clearing bank in the country on June 27, PBoC said in a statement.
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China Huiyuan Juice Group chose June 29 to make a debut in the euro bond market. The timing surprised many bankers off the deal coming in the middle of increased volatility linked to Greece. But bankers on the trade, encouraged by a heavily anchored book went ahead and raised €200m ($223m) from a two hour transaction.
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Golden Throat Holdings Group Company has opened books for a HK$1.14bn ($147m) IPO despite rocky market conditions, as the lozenges maker hopes to buck volatility and draw investors to its transaction.
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Ado Properties, the German residential property firm, postponed its planned listing “until further notice” this week, blaming the withdrawal on uncertainty around the Greek crisis.
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After years of limited gains in assets under management, options overlay managers in the US say that they are beginning to see inflows as allocators brace for macro shocks.
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A bevy of European sovereigns are set to auction bonds this week in what will be the first test of the market’s resilience after the breakdown in negotiations between Greece and its creditors this weekend.
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Belgian property developer Ghelamco insulated itself from broader market volatility as it priced a €77.1m bond for mainly Belgian investors, on the basis of yield only, not relative to a benchmark.
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Statoil, the Norwegian oil and gas company, has signed a $5bn revolving credit facility which received strong demand from banks, despite the company's sizeable first quarter loss.
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Cyfrowy Polsat, the Polish television company, has begun meeting banks about a financing package as it seeks to replace some of its loans and bonds.