News content
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Legend Holdings has lived up to its name with its Hong Kong IPO, raising an impressive HK$15.10bn ($2bn) before greenshoe via a deal that saw no price sensitive investors but only those ready to gobble up the Lenovo owner's stock.
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Atrium Real Estate announced tender results this week, and now holds the vast majority of its 2017 euro notes.
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National Bank of Egypt has set roadshow dates for a prospective dollar senior deal, and will be ready to launch the transaction next week.
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Australia and New Zealand Bank’s loan syndications team in Hong Kong has seen a flurry of changes, with Nancy Wang relocating to Beijing and Jenny Fan coming on board.
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Indian pharmaceutical company Lupin has obtained the nod from its board of directors to raise a hefty Rp75bn ($1.2bn) in fresh equity.
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Stronger-than-expected PMI data has prompted paying in short CNY swaps, flattening the curve. Meanwhile, Japan's megabanks are planning to issue offshore renminbi bonds in Tokyo, writes Deirdre Yeung of Total Derivatives.
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A trio of investment grade names launched new deals on Tuesday as Asian bond bankers were bolstered by hopes that Greece's latest budget proposals would stave off a debt default and lead to a deal with creditors later this week. But they believe the market is still volatile and as a result only strong high grade names will be able to get deals done.
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Haitong UT Capital has launched a benchmark sized dim sum bond, making its way into a busy market as borrowers make the most of a small window of opportunity.
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Reinsurance company Swiss Re has received the first RMB qualified foreign institutional investor licence in Switzerland. Meanwhile, Singapore-based UOB Asset Management has told GlobalRMB that it will launch three new RQFII products before the end of 2015.
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Japan’s Nippon Paper Industries raised HK$930.7m ($120m) by selling its entire shareholding in Lee & Man Paper Manufacturing on the evening of June 22, in a deal that was multiple times covered and led to many investors receiving just token allocations.
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Citi is stepping up its focus on commercial banking clients by hiring Eric Au as director of capital markets origination, Asia Pacific, for the firm’s commercial bank.
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Europris, the Norwegian private equity-backed discount retailer, closed at Nkr43 a share on Monday, as it had on Friday last week, the firm’s first day of trading in Oslo after its Nkr3.75bn ($485m) IPO.