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  • Bank of China (BoC) Taipei Branch is marketing a multi-tranche Formosa bond, and will be pricing the deal as early as today (June 8), sources have told GlobalRMB. The deal will include a 15 year tranche, the longest tenor ever for an RMB-denominated bond in Taiwan.
  • The owners of Worldpay have chosen Bank of America Merrill Lynch, Goldman Sachs and Morgan Stanley to lead the payment processing firm’s initial public offering.
  • Exeltium, a French consortium that negotiates stable and competitive electricity pricing for its industrial shareholders, has agreed a €1.4bn senior debt refinancing with investors.
  • China Greenfresh Group Co, a supplier of edible fungi products, opened books on its HK$777m ($100.22m) IPO on Friday. Essence Corporate Finance is the sole sponsor for the trade.
  • India’s stock market fell prey to a vicious sell down this week, with the benchmark Sensex index plunging 900 points since Monday, an event bankers say could hurt IPOs and share sales in the short term as investors lick their wounds.
  • Shenzhen Investment has raised HK$2.77bn ($357m) from a top-up placement of shares sold to investors at a hefty 9.6% discount. But the impact on the company in the aftermarket was pretty severe, with the stock sliding by an equally large 9.85%.
  • Real estate developer Vietnam Investment Group Joint Stock Co (VIG) has attracted banks from several geographies, with a policy bank from China, and a prominent Malaysian lender among those said to have committed. The deal has been well received in the market as banks look to build a longer term exposure to the fast developing southeast Asian country.
  • Red Star Macalline Group Corp, known for its home improvement and furnishings shopping malls in China, has started testing investor appetite for a roughly $1bn Hong Kong IPO, which will simultaneously give investors a taste of a property and consumer story.
  • Anhui Transportation Holding Group (Anhui Transport) has become the latest Chinese provincial state-owned enterprise (SOE) to make a debut in the offshore bond market. Buoyed by the issuer’s dominant position as a toll road and public transport operator, the three year deal was a hit with investors.
  • China National Bluestar returned to the international bond market for the second time in two weeks, raising $1bn on June 4. But this was not a standard transaction by any means and was more of a replacement for the first trade, which had been cancelled due to a contractual oversight.
  • Malaysia’s AirAsia X, the long-haul unit of budget carrier AirAsia, has wrapped up its MR391.1m ($105.3m) three-for-four rights issue with flying colours, as shareholders signed up for far more stock than was available.
  • In this round-up, Hong Kong deposits rose in April, but cross-border RMB trade settlement fell, Macau announced its March deposit figures, ICBC opened two new offshore branches in Montreal and Riyadh, RMB clearing in South Korea has reached a daily average of Rmb25bn, and Japanese bank MUFG helped Brazilian clients settle trade with China in RMB.