Standard Chartered
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Zhenro Properties Group returned to the dollar bond market for the seventh time this year on Tuesday, tapping one of its March transactions for an additional $110m. But the market presented a whole different set of problems for the borrower this time round.
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Syndicated loans banker Marilyn Fung has joined Standard Chartered’s loan syndication team in Singapore.
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ING's Turkish arm, ING Bank AS, has raised a $309m-equivalent trade finance loan from international lenders. The deal is a precursor to the year's second round of Turkish bank refinances, expected to begin in the next month.
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Dongxing Securities Co leaned on the support of 19 lead banks to close its $400m bond return against a difficult market backdrop.
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Topsy Mathew, Standard Chartered's regional head for corporate finance in Asean and South Asia, has resigned from the bank.
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Asia’s primary bond market was quiet for the second day in a row on Tuesday, as investors continued to remain wary about rising tensions between the US and China.
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The Philippines’ Aboitiz Power Corp has found support from a group of 22 banks for a $300m loan that will finance its acquisition of AC Energy’s thermal power company.
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Lloyds Banking Group has returned to the Aussie dollar market for the first time since May 2018, offering investors the chance to invest in two tranches of senior debt at the operating company level. The issuer follows a wave of European and UK financial institutions making their way down under.
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South Korea’s sustainable financing efforts were given a boost this week, after Lotte Property and Development Co sold a $300m bond.
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Chinese provincial government-owned Shandong Hi-Speed Group Co has pushed out its maturity profile with a $1.4bn dual-tranche transaction. It priced the senior perpetual tranche at the same level as some of its bigger state-owned peers, thanks to a six times covered order book.
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Private equity firm Blackstone has mandated four banks to support its acquisition of India’s Essel Propack (EPL), a specialty packaging company.
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A pair of Middle Eastern credits received large orders for what may be among the last bonds issued before the summer lull.