© 2026 GlobalCapital, Derivia Intelligence Limited, company number 15235970, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement | Event Participant Terms & Conditions

Search results for

Tip: Use operators exact match "", AND, OR to customise your search. You can use them separately or you can combine them to find specific content.
There are 370,524 results that match your search.370,524 results
  • THE BANCO Sentral ng Pilipinas (BSP) is expected to make a decision by the middle of next week on the structure of its prospective dollar fundraising, with bankers commenting that the republic is almost certain to opt for a bank rather than a bond financing. The $500m to $1bn issue also looks likely to be the first sovereign transaction to emerge from Asia this year, in a move that has been welcomed by most market participants.
  • KOREA'S MAMMOTH fundraising programme looks likely to take shape in New York next week during what looks set to be a series of extremely heated debates between a government with a reputation for pricing inflexibility and a 90-strong group of creditor banks hoping to extract some value from the republic's financial distress. Bankers say that of the two plans on the table, the JP Morgan-led commercial bank debt exchange now looks to be favoured over a Goldman Sachs/Salomon Smith Barney bond plan.
  • THE BILLION shares-plus demutualisation of Australian Mutual Provident (AMP) will be launched in April or May and list on the Australian Stock Exchange in early June, according to a company spokesman. Institutional investors will be able to buy around 22.5% of the sale.
  • * Two further deals were launched in Hong Kong's active domestic currency market this week. Merrill Lynch came first with a HK$300m fixed rate offering for the European Bank for Reconstruction & Development. With a one year maturity, the par priced issue carried a coupon of 12.625%, with fees totalling 10bp, split 2.5bp managers and underwriters 7.5bp selling.
  • Pakistan Standard & Poor's revised its sovereign outlook on the Islamic Republic of Pakistan from stable to negative on Wednesday, although it stopped short of effecting a downgrade to the country's B+ long term rating. In a statement it said that the revised outlook reflected "a rising external debt burden and a growing dependence on short term funding."
  • * Asia lost its largest regional investment bank outside Japan this week when Peregrine Investment Holdings collapsed after Switzerland's Zurich group pulled out of a proposed $200m capital injection. After seeking help from the Hong Kong government and trying to formalise a last ditch $60m bridging loan from First Chicago Bank late last week, the group filed for liquidation on Monday.
  • PREMARKETING will begin on Monday for a roughly $130m privatisation of India's Container Corporation (Concor) led by JP Morgan. Bankers believe that the combined primary and secondary share offering is shaping up to be virtually the only equity transaction from Asia capable of completion in current market conditions. The sale will take place after the rupee and Indian stockmarket both came under renewed pressure this week.
  • DBS ASIA Capital's $40m IPO for Dalian Refrigeration Co is still hanging on as the B-Share market dropped to historical lows this week and the company finished its roadshow in Japan today (Friday). Analysts around the region added another challenge to the deal, saying that Dalian's price range is out of line with the market.
  • A 250m SECONDARY share offering by New York-listed Huaneng Power International (HPI) became the chief casualty of renewed volatility across Hong Kong markets this week, with the roughly $150m deal postponed by lead manager JP Morgan midway through roadshows. The failure of the H-share issue disappointed market participants, many of whom view the company as one of the strongest Chinese counters.
  • * Hungary may be the first central and eastern European sovereign to tap the Euromarkets this year, with the Baa3/BBB- rated issuer understood to have invited bids for a proposed DM500m five year floating rate note. Price talk is of a coupon level set at 50bp over DM Libor. This would represent a considerable cost saving over the last time the country tapped the Euro-DM market in April 1996 with a DM500m six year issue through its central bank, the National Bank of Hungary.
  • Market report Compiled by Gerard Perrignon, Hambros Bank Ltd, London. Tel: +44 171-865 1759
  • United States JP Morgan Securities Inc has closed a $650m facility for ACE Ltd. The loan is split into a $200m 364 day revolver, a five year $200m revolver and a seven year $250m term loan.