News content
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Indonesia’s largest wireless telecom company Telekomunikasi Selular is raising a $150m loan for capital expenditure purposes.
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Hutchison Port Holdings Trust tapped the international bond market for the first time on March 12, raising $1bn from a dual tranche offering. But though lots of attention was stolen by a competing credit, the subsequent trading performances of both transactions showed Hutchison has few equals in terms of capital market savviness.
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State Bank of India has fallen victim to the recent global volatility that has hit stock markets across the world, with the lender now postponing its $2.5bn share sale for after the US Federal Reserve holds its policy meeting.
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It’s been three months since China officially launched its renminbi-denominated qualified domestic institutional investor (RQDII) scheme. Expectations had seemed high, but activity has been muted. For this year at least, RQDII looks set to be a mere dessert for China’s domestic investors rather than any main course.
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Punjab National Bank held meetings this week with potential bookrunners to lead a capital raising exercise, as one of India’s largest lenders prepares to raise around Rp50bn ($800m) from the equity capital markets.
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A consortium of two Japanese banks and one Indian lender has funded a $400m loan to India’s Rural Electrification Corp on March 12.
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Singapore based Q&M Dental Group has raised S$60m ($43.4m) through its debut bond issue. Despite the small deal size, investor demand meant the trade was four times covered.
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ICBCIL Finance wrapped up its maiden appearance in the international debt market on March 12. Market participants questioned whether the deal was done too cheaply.
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The Central American Bank for Economic Integration (Cabei) returned to Taiwan’s Formosa bond market on March 12 with an Rmb800m ($127.5m) three year offering priced at 4.75%. The trade was the development bank's second Formosa, and it remains the only Latin American issuer.
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IL&FS Transportation Networks is preparing to make another venture into the offshore renminbi debt market, with the Indian issuer opting for CNH in a bid to woo investors already familiar its story.
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Yuanta Bank has added one more deal to this year’s red hot Formosa bond market by pricing a three year at 4.60% on March 12, two bankers close to the deal have told GlobalRMB. The final size was Rmb250m ($40m) and the issuer is considering another visit, depending on market conditions, said one of the bankers.
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CIMB Bank, which has been at the heart of a sweeping reorganisation of its workforce over the past few weeks, has now rejigged its senior leadership team in Indonesia with the hire of a new president director.