News content
-
Inox Wind is set to launch its Rp10.40bn ($168.39m) IPO on March 18, in what looks to be India’s largest listing in nearly two years. The deal is already generating a lot of buzz given the company's credentials as a unit of the Inox Group and for being a rare issuer in the renewable energy sector.
-
Marshall Nicholson has joined Nomura as managing director and head of ECM for Asia ex-Japan, re-entering equity capital markets after nearly three years.
-
Hospital operator Mitra Keluarga Karyasehat has priced Indonesia’s largest IPO since 2011, raising Rph4.45tr ($338m) in a deal that investors piled into.
-
As Pakistan gets closer to launching its first ever real estate investment trust (Reit), another company has submitted an application to set up its own property trust, encouraged by the demand for yield investments in the country.
-
The leads on Adlabs Entertainment’s Indian IPO have slashed the deal’s price range and extended the bookbuilding period by five more days, with the new terms expected to raise the company not more than Rp3.94bn ($63m) — down from its previous target of Rp4.7bn.
-
‘No reservations taken’ — the words send a chill down the spine of anyone who likes to be organised or likes to be certain of where they are going to be eating at any given time.
-
Asia syndicated loans volumes are on track for their weakest three months since the final quarter of 2008, which followed the collapse of Lehman Brothers. But this time it is the abundant liquidity of banks that is causing the problem. Lenders are abandoning syndications in favour of bilaterals as top rated borrowers call the shots, writes Shruti Chaturvedi.
-
Malaysia’s state owned oil and gas company Petroliam Nasional (Petronas) broke records this week when it priced the largest G3 bond from a southeast Asian corporate. Choosing aggressive pricing over a bigger size, the issuer opted to settle for raising $5bn with the four tranche deal, lower than the expected size of $6bn-$7bn, writes Narae Kim.
-
International Bank of Azerbaijan (IBA) is in the market with a loan refinancing but may agree to a smaller amount than last time, said bankers.
-
Bulgaria has finally announced roadshow dates for its new Eurobond. The mandate was first announced on the country's Ministry of Finance’s website in early February.
-
The euro bond market is increasingly open to deals tailor-made for issuers’ needs, according to the funding chief at GDF Suez, which last week issued a zero coupon two-year note.
-
Teva Pharmaceutical Industries kicks off investor meetings in Europe next week. The borrower is looking to issue its first euro denominated bond since 2012.