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Spain is open to taps of its longest outstanding bond, a 50 year private placement, but demand may be limited, say bankers.
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Citi has named a replacement for William Weaver as Citi’s head of CEEMEA debt capital markets.
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National Bank of Abu Dhabi has been left off the mandate to lead Egypt’s return to the capital markets, Global Capital understands.
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Standard Chartered has successfully sold its first AT1 bond though a less investor-friendly structure meant it was forced to pay up compared to a recent deal from rival HSBC. But investors were undeterred as the bond managed to attract a $22bn order book – the largest ever for a single tranche AT1 bond, say bankers.
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Loans bankers are pitching for Sinochem Hong Kong’s refinancing. The tenor for the $500m borrowing will be determined by lender responses, said a banker who received the request for proposals.
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Indian fragrance maker S. H. Kelkar and Co has filed a $100m IPO with the Securities and Exchange Board of India which could hit screens in the second half of the year, say bankers.
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Singaporean investment holding company Gallant Venture made its second outing in the Singapore dollar market this year, raised S$175m ($127.8m) from a three year bond offering on March 26 following a January appearance.
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Genting backed Resorts World Sentosa’s S$2.25bn ($1.648bn) fundraising has attracted commitments from over ten banks, said bankers.
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In this round-up, three new free trade zones receive Politburo approval for an end of March launch and ICBC and Bank of China report huge rise in cross-border RMB clearing business.
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Beijing Capital Group (BCG) took markets by storm with its first international bond, which had investors rushing to participate. The strength of demand led to a book that was more than nine times covered, which the issuer was more than happy to take advantage of by heavily reducing pricing.
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The Philippines’ East West Banking Corp will sell shares in its Ps8.00bn ($179.89m) rights issue from April 24 to April 30, as it seeks to beef up its capital ratios.
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Emperor Capital Group is looking to raise up to HK$1.31bn ($169m) from a combination of placement and rights issue, as the brokerage seeks to shore up its money lending and asset management operations.