Northeast Asia
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Investors gave Kyobo Life Insurance Co a warm welcome as it debuted in the market on Monday with the first dollar bond from a South Korean life insurance company. -
China’s ENN Energy Holdings grabbed a $600m bond on Monday, as investors ate up the credit given its three year hiatus from the international debt market.
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British Columbia has hired Bank of China (BOC) for its second Panda deal, GlobalRMB has learned. Meanwhile, Hungary has chosen BOC and HSBC for a long-awaited Panda debut with a prospectus expected on Friday.
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Shares of Inner Mongolia Energy Engineering swung rather wildly on its debut on the Hong Kong Stock Exchange on Tuesday, following the company’s HK$1.2bn ($153.8m) IPO last week.
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Great Wall Motors, the largest sports utility vehicle and pick-up manufacturer in China by units sold, has approached the overseas loan market with a $350m fresh money fundraising.
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Asian green bonds are front and centre this week. Greenko Energy Holdings took the lead with its dollar bond on Monday, with Singapore’s DBS Group Holdings and Hong Kong’s Castle Peak Power Company rolling out their transactions on Tuesday.
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Electric power generation company Zhejiang Provincial Energy Group is tapping the loan market to repay its debut dollar bond from 2014.
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A relatively stable credit backdrop has encouraged a swathe of Asian issuers to tap the bond market this week, ensuring a blistering pace of issuance.
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Kelvin Leung has left Citic CLSA Securities as head of syndicate for equity capital markets after a year on the job.
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New gold and silver futures contracts launched by the London Metal Exchange (LME) on Monday of last week have had a “promising start”, according to its precious metals head.
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Celltrion Healthcare has bagged W1tr ($886.3m) after pricing its IPO at the top of the initial marketing range, according to a banker familiar with the matter.
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Gemdale Corp has tapped two banks as leads on a dollar bond, after recently receiving the go-ahead for the issuance from its board and China’s National Development and Reform Commission.
