Alibaba-backed delivery service company YTO Express cleared a China Securities Regulatory Commission hearing for a backdoor listing through Shanghai-listed Dalian Dayang Trands.
State-run film producer China Film has raised Rmb4.17bn (US$626m) from a Shanghai IPO of 467m shares at a price of Rmb8.92 each.
Hubei-based Changjiang Securities raised Rmb8.31bn (US$1.25bn), about 30.75% lower than its initial target, from a private placement of 787m shares to nine investors.
Taiwanese IC design firm Silergy priced a US$125m offering of five-year unsecured zero-coupon convertible bonds at a conversion price of NT$420 (US$13.17).
Six banks have joined mandated lead arranger and bookrunner BNP Paribas on Aupu Group Holding’s loan of US$151m for its proposed privatisation.
ANZ and Standard Chartered are providing a one-year bridge loan of US$800m to Shanghai Fosun Pharmaceutical Group, which has agreed to buy a controlling stake in India’s Gland Pharma for up to US$1.26bn.
Sunshine 100 China Holdings has completed the issuance of five-year convertible bonds to raise US$200m at a fixed coupon of 6.5%.
Chinese brokerage Everbright Securities has received approval from the Stock Exchange of Hong Kong for an IPO of about US$1bn, according to people close to the plans.
Sunshine 100 China Holdings is seeking to raise US$200m through the issue of five-year convertible bonds. The deal launched after the close in Hong Kong and is due to wrap up today, made easier by launching with fixed terms.
China Mengniu Dairy has returned for a US$200m three-year bullet term loan to refinance a like-sized facility from two years ago.
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Chinese bondholders have demanded a boycott of all financing activities from Liaoning province in a bid to force the local government to resolve a default at a state-owned steelmaker.
Surging inflows into emerging-market credit funds helped ONGC Videsh Vankorneft nail tight pricing for a dual-tranche US dollar bond last week, raising expectations for other Indian corporate issuers waiting in the wings.
An overwhelming response to China’s largest domestic IPO since equity markets crashed last summer has lifted expectations that the country’s regulator may step up the pace to clear a backlog of stalled listings.
US prosecutors last week moved to seize over US$1bn of assets that they claimed were stolen from 1Malaysia Development, casting fresh scrutiny over the role banks played in raising and transferring money for the controversial state investment fund.
Investors are already expressing concerns over a lack of liquidity in the offshore rupee, or Masala, bond market after a strong response to the first corporate issue earlier this month.
ICICI Prudential Life Insurance last week started premarketing India’s first IPO from the insurance sector, betting that an upbeat outlook for the country’s financial services industry will support the biggest listing in years.
Kaisa Group Holdings, the first Chinese property developer to default on offshore bonds, saw the value of its debt soar last week as investors chose to ignore ongoing governance concerns in their search for high-yield returns.
Greenland Hong Kong took full advantage of pent-up demand for high-yield debt last week to price three-year bonds of US$450m deep inside initial guidance.
SGSP Australia Assets underlined the depth of offshore demand for high-quality Australian corporate credit with a bumper order book of over US$3.7bn for an US$500m offering of 10-year Reg S bonds.
Insurance companies in Singapore will face less onerous restrictions to invest in bonds and equities under new rules the Monetary Authority of Singapore has proposed.
National Australia Bank unveiled a simplified structure and new executive team last Friday to focus on its Australia and New Zealand businesses after listing its underperforming UK business earlier this year.
Singapore Exchange, which has come under criticism after a string of trading disruptions, announced plans to transfer its front-line regulatory functions to a separate subsidiary with its own governing board of directors.