Morgan Stanley has named Bryce Thompson head of equity capital markets for Australia, according to an internal memo seen by IFR.
(Reuters) Bain Capital has agreed to buy a portfolio of non-performing loans of US$200m in principal from a Chinese asset manager, in what two people close to the matter said was the US private equity firm’s first such deal in China.
Time is running short for Chinese e-commerce company Cogobuy Group, which faces a covenant breach on its debut US$194.5m loan after a trading suspension of its shares last Monday following allegations from a short-seller.
Lotte Chemical Titan Holding has started premarketing a Bursa Malaysia IPO of up to M$5.9bn (US$1.4bn).
The potential Australian Securities Exchange listing of Origin Energy’s conventional upstream business, now known as Lattice Energy, is looking less likely following reports of interest from a variety of potential bidders.
Duncan Black has joined Citigroup’s strategic risk solutions team in Singapore.
The Hong Kong Monetary Authority has set up a 12-month pilot project aimed at tackling financial crime and money laundering.
(Reuters) S&P is likely to follow its regular ratings review schedule for China and does not see any basis at this point for an out-of-schedule committee meeting, a senior director at the ratings agency told Reuters on Monday.
Shareholders of i-Cable Communications have approved the financially troubled pay-TV provider’s plan to take on new investors through an open offer of shares of HK$704m (US$91m).
HRnet Group intends to raise S$155m–$174m (US$112m–$125m) from its Singapore Exchange IPO at a price range of S$0.80–$0.90.
Top Stories from this week's IFR Asia magazine
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Australian fixed-income investors do less credit work than their equivalents focused on China. Strange as it may sound, that is the simplest explanation for contrasting responses to ratings moves last week.
The biggest risk to Japan’s financial markets right now has nothing to do with the central bank or inflation. It is North Korea that has Tokyo’s bankers most concerned.
China National Chemical Corp has raised US$20bn mainly from perpetual bonds to finance its purchase of Swiss seeds company Syngenta, according to a regulatory filing.
A mass downgrade of Australian financial institutions last week left Liberty Financial facing an immediate increase in borrowing costs.
A sustained recovery in Malaysia’s economy is driving the ringgit bond market to new heights, as borrowers look to capitalise on a rally in government bond yields and a rebound in foreign investment.
Credit markets took Moody’s downgrade of China in their stride last week, taking the view that concerns over excessive leverage in the world’s second-largest economy have already largely been priced in.
Sea, formerly known as Garena, has chosen to list in the US through a US$1bn IPO, adding to doubts over the Singapore Exchange’s efforts to attract homegrown technology companies.
Wuxi Biologics’ Hong Kong IPO of up to HK$3.98bn (US$511m) has drawn strong demand from investors, thanks to the company’s high growth and the absence of exciting floats in the city this year.
Auto loan securitisations have continued to thrive this year in China, in contrast with the sharp decline in vanilla bond sales.
Chinese property developers are being urged to look at very short-dated US dollar bonds as a way around tighter scrutiny of offshore borrowing.
Soaring interbank lending rates have become hurdles in China’s syndicated loan market, shutting out potential lenders and leaving borrowers facing higher interest costs.
Japanese lenders are showing greater interest in loans for overseas borrowers as they search for yield in a negative interest rate environment.
Early moves from South Korea’s new president have raised hopes for a shake-up of the chaebol conglomerates that could unleash a flood of lucrative dealmaking.
Melco Resorts & Entertainment took advantage of a recovery in the Macau casino industry to cut its interest costs through last Thursday’s US$650m offering of eight-year non-call three bonds.