News content

Hony Capital has raked in a whopping HK$11.1bn ($1.43bn) by exiting CSPC Pharmaceutical and Chinasoft International via two block trades that hit the market in quick succession, ending the PE firm’s involvement in these Hong Kong-listed companies.

Hong Kong listed Fosun International's $500m loan has received commitments from seven lenders. The deadline for the loan, which was originally April 24, has been extended until April 30 to give banks time to process credit approvals.

Banks are pushing the Securities and Exchange Commission of Pakistan (SECP) to rethink its recent proposal on new rules for the equity capital market. The SECP's suggested regulations include banning listed companies from raising funds through a bookbuilding process while restricting the activities of bookrunners when executing deals. Rashmi Kumar reports.

Norwegian airport operator Avinor issued a €300m 10 year bond on Wednesday, but demand for the single-A, state-owned credit was lower than expected.

German DCM teams are being inundated with queries from European banks seeking to understand Germany’s bail-in proposal and its potential implications.

China New Town Development is looking to tap the dim sum market with its inaugural international bond and started gauging investor interest through a series of meetings from April 23.

China’s parliament began a sweeping review of its Securities Law on April 20, with amendments that could pave the way for a long-awaited overhaul of regulations that have been in place since 1999.

Daiichi Sankyo Company has exited India’s Sun Pharmaceutical Industries through a jumbo Rp200bn ($3.2bn) block, pricing one of the largest ever ECM deals in the country. An extensive wall crossing process over the weekend helped pave the way for the transaction, which saw a roaring finish despite turbulent market conditions.

A slump in ECM volumes across southeast Asia has forced investment banks to trim headcounts in the region, but for some small is beautiful. The pullback is creating opportunities for boutique investment banks like Religare Capital Markets, looking to tap pockets of strength in a region that still has a robust need for issuance, writes John Loh.

This week's record-breaking dual currency bond from China Petroleum & Chemical Corporation (Sinopec) showed just how far Chinese issuers have come in the international bond market over the past few years. Sinopec managed to print an impressive $6.4bn and by doing so elevated its status to one of the elite borrowers in the region, writes Rev Hui.

Binhai Investment Company is on the road this week, having mandated four banks to prepare its maiden dollar issue.

Korea Resources Corp (KoRes) has started receiving bids for a return dollar bond this week. The Korean borrower aims to raise $300-$500m from the new trade as it has an outstanding $300m bond that comes up for redemption next month.