News content
-
The potential inclusion of Chinese A-shares into global market indices is back on the agenda. Market liberalisations in China since the last review may now have made the move a forgone conclusion.
-
South Korea’s Nonghyup Bank is in the process of selecting four to six banks for an expected $300m Reg S deal after the deadline for request for proposals passed on Friday, April 10.
-
Mizuho has boosted its corporate acquisition finance team with two appointments. The hires, which are primarily to replace personnel who left earlier this year, bring with them experience in corporate, structured and leveraged finance.
-
Thailand has opened the door to primary listings of foreign companies on its stock exchange, solidifying an almost year-long effort to usher in some much-needed diversification to its local bourse. But issuers looking to get in on the act will have to jump through a few legal hoops, say market watchers.
-
Indonesia’s PP Properti has started testing investor appetite for its IPO of up to $100m, with management roadshows slated for next week.
-
Thailand’s Charoen Pokphand Group and Japan’s Itochu Corp have divested a collective 1% stake in Citic Limited via a HK$3.67bn ($474m) block executed on Saturday, April 11, which saw shares allotted on a club-style basis rather than via a fully-fledged bookbuild.
-
Global commodity company Ecom Agroindustrial has sealed its latest 364 day revolver at $470m, higher than the launch size of $300m.
-
The holding company of Montevideo’s Carrasco International Airport has hired Bank of America Merrill Lynch and Nomura to manage a three day roadshow, ahead of a senior secured project bond that could potentially be used to pay a dividend to shareholders.
-
At the end of a busy week of car company bond issuance, Volkswagen Financial Services followed Daimler into the sterling market today with a five year bond.
-
Chevron Nigeria, which has extensive oil production operations in onshore and offshore Nigeria under a joint venture with Nigeria National Petroleum Corp, has launched a $1.2bn loan with dollar and naira tranches.
-
ZF Friedrichshafen is preparing to launch its long-awaited first public bond, to refinance its acquisition of TRW Holding of the US last year.
-
Hyva Global, a truck parts maker controlled by private equity firms, is looking for a $295m financing. The facility is offering a high initial margin and generous fees.