News content

San Miguel Corp of the Philippines has wrapped up its latest $287m facility, with 10 banks coming in during general.

Standard Chartered Financial Holding is offloading a 3% stake in China Cinda Asset Management Co that could raise up to HK$1.67bn ($215m), the fourth accelerated share sale in the company this year.

Chinese property developer Country Garden Holdings has returned to the loan market for a $400m refinancing loan. The borrowing, which comes about six months after the company raised a club loan of HK$4.5bn ($580m), is set to test the appetite among banks for well-known property names out of the mainland.

RBL Bank, formerly known as Ratnakar Bank, is looking to raise Rp15bn ($234m) in an Indian IPO, with a syndicate that is significantly larger than when the deal first came to light. The trade is slated to launch in the second half of the year.

The Black Sea Trade and Development Bank is considering printing the first bond from its new €1bn MTN programme in the third or fourth quarter of this year.

Singapore Telecommunications (Singtel) raised $500m through a 10 year bond on June 23, pulling off a big coup by not only pricing the deal tightly but also finding an opportune window to execute its trade.

ABN Amro stole a march on its fellow FIG borrowers on Tuesday, launching a tier two trade that has led to a thawing of the primary market despite Greece negotiations dragging on.

Bank of China has opened books for what will be landmark deal issued in four different currencies in the same day. However, some investors decided not to jump into the deal, thinking that the issuer came out with too tight pricing from the beginning.

Export-Import Bank of Korea (Kexim) completed its return to dollars in style this week, selling a SEC registered dual tranche deal that drew over $2bn of demand. Amid a high level of volatility due to concerns over Greece, bankers chose a good window for the Korean policy bank, which was able to meet its size and pricing goals.

The impact of total loss absorbing capacity (TLAC) rules, which could top $1tr, is already being felt far wider than the group of large banks it was originally designed for.

Bond issuers in Asia are rushing out to meet investors with Beijing Energy Investment Holding (BEIH), China Overseas Land International and Shanghai Construction Group on the road.

Women’s clothing maker E-Land World has increased the size of its latest fundraising to $300m, from $200m as Gulf, Hong Kong and Taiwan lenders threw their weight behind the deal, allowing the borrower to benefit from the excess liquidity.