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Albaraka Turk has agreed a $268m Islamic syndicated loan with a group of banks, a bigger deal than it had previously indicated.
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Singaporean property name Ascendas has made a tender offer to holders of its S$300m ($220m) 4.75% perpetual non call five subordinated bonds that were sold in 2012. A change of control triggered by a merger between the subsidiaries of Ascendas' parent company and government investment company Temasek has allowed Ascendas the option of redeeming the securities.
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Malaysia’s RHB Capital has mooted an MR2.5bn ($687.81m) fundraising to help it meet Basel III and funding requirements. The bank is also proposing an extensive internal restructuring that will see it transfer its listing status to RHB Bank.
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This week brought another landmark in the Formosa market, with the first Japanese issuer completing a transaction. Nomura is settling its debut renminbi offering on April 14.
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Pelabuhan Indonesia II (Persero), or Pelindo II, has mandated five banks to arrange a global roadshow ahead of a planned Reg S/144A dollar bond, which will be the Indonesian port operator's debut if it goes ahead with the deal.
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China Cinda Asset Management is planning to issue a dollar-denominated bond by the end of the week after announcing the roadshow schedule for trade on April 14. While the size of the offering will not eclipse industry peer Huarong Asset Management’s bond at the start of the year, market participants are still expecting it to be big.
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The management of lingerie maker Cosmo Lady China Holdings has raised HK$796.8m ($103m) by selling shares, taking advantage of the recent stock rally to recoup some of their investment.
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PTT Global Chemical’s French subsidiary VencoreX Holdings has wrapped up €190m ($215.65m) dual tranche seven year loan. The deal, which has Deutsche Bank as sole bookrunner, was signed among six banks, said a banker.
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Singapore’s GIC made a complete exit from Hong Kong-listed Far East Horizon on the evening of April 13, netting HK$506.77m ($65m) in the process, with pricing driven by funds’ desire for a lucky number.
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China Cinda Asset Management has seen yet another shareholder trim its stake, with UBS netting HK$1.90bn ($245m) via a block on the evening of April 13. The number of shares offloaded were lower than the bank’s target during launch, as the seller stayed focused on getting the best price possible.
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Central China Real Estate is looking to stand out in a crowded Asian bond market by offering investors a tasty price concession on its five year bond on April 14.
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China Communications Construction Co (CCCC) has opened books to its maiden deal in the international bond market, having chosen a rare senior perp structure for a debut issue.