News content
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Solusi Tunas Pratama (STP) has gone on the road for its up to Rph3.91tr ($302.24m) follow-on in Indonesia, as the telecommunications tower operator looks to give investors exposure to a liquid play on the sector.
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Kong Sun Holdings raised HK$1.36bn ($176m) from a placement of shares on April 28 that found a mixed response in the market. While long-only funds drove demand, the presence of hedge funds was limited.
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Shanghai Haohai Biological Technology’s HK$2.36bn ($304m) IPO received a rousing reception, allowing bookbuilding to wrap up sooner than planned as booming demand led to the shares pricing at the top of the range.
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International Bank of Azerbaijan has signed a $200m loan which was launched at $125m and increased after oversubscription.
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Financial institutions have printed a number of successful trades already this week, but a persisting cautious tone means some have remained locked in the pipeline.
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A Polish Swiss franc deal this week proved that even emerging market credits can enter the weird world of negative yields, while in Latin America Petrobras results have cleared the way for a wave of fresh deals.
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A bevy of periphery borrowers have picked this week to get deals away — to varying levels of success — as negotiations over the financial future of Greece take on a more positive tone.
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Corporate bond issuance resumed in force on Wednesday after a quiet few days, as market sentiment around Greece’s debt negotiations improved.
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Bank issuers have dominated Europe's equity capital markets this week, with important capital raisings by Commerzbank and Permanent TSB, and more to come. But a wealth of corporate deals is also getting done.
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China New Town Development ventured to the international bond market for the first time in its history, pricing a Rmb1.3bn dim sum bond with the backing of China Development Bank (CDB).
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The inclusion of the renminbi in the International Monetary Fund's Special Drawing Rights (SDR) currency basket in the next SDR review later this year is by no means a foregone conclusion. But much progress has been made, according to participants at the Offshore RMB conference organised by market body Asifma this week in Hong Kong.
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Ocean Wealth, a wholly owned special purpose vehicle of China Orient Asset Management, raised Rmb1.48bn ($243m) on April 28 with a dual-tranche dim sum bond that was secured and backed by loan repayments.