Ajay Manglunia has joined JM Financial as managing director and head of institutional fixed income.
Books are covered for Mabpharm’s Hong Kong IPO of up to HK$1.5bn (US$195m).
China Satellite Communications today cleared a China Securities Regulatory Commission hearing for a proposed Rmb1.28bn (US$185m) Shanghai IPO.
Shenzhen Zhaowei Machinery & Electronic has filed for a proposed Rmb1.03bn (US$149m) Shenzhen IPO with the China Securities Regulatory Commission.
Sekisui House REIT is set to open books for a follow-on share offer to raise up to ¥40.3bn (US$366m), based on a minimum 2.5% discount to the pre-deal close of ¥82,500 on May 23.
Frontage, a Chinese contract drug research company, has raised HK$1.6bn (US$204m) from a Hong Kong IPO after pricing it at the top of the indicative price range, according to people close to the deal.
ASX-listed Sydney Airport has raised A$1.4bn (US$962m) through a multi-tranche sustainability-linked loan in what is the largest such syndicated financing for the airport sector globally, the company said in a stock exchange filing Thursday.
BOC Aviation has launched a US$1.05bn five-year multi-tranche financing into general syndication, returning to the syndicated loan markets after eight months.
Warburg Pincus has raised D1.1trn (US$47m) through the sale of all of its remaining shares in Vincom Retail via a block trade.
Freedom Foods Group, an ASX-listed food manufacturing and sourcing company, has launched a A$130m (US$89m) equity raising comprising an entitlement offering and an institutional placement.
Top Stories from this week's IFR Asia magazine
Friday 1600 Hong Kong / Friday 0900 London
Efforts by the International Capital Market Association to promote global standards are a step in the right direction for Asian bonds, even if the industry body doesn’t yet have the entire market on board.
Is Hong Kong becoming a dangerous place to be an investment banker? After a series of sanctions against IPO sponsors earlier this year, a former JP Morgan managing director is now facing charges for alleged bribery related to the IPO of an unnamed client.
Bond bankers in Asia have agreed to disclose the sum total of bookrunner orders for international bond sales, in response to calls for greater transparency around new issues.
Chinese companies are continuing to draw demand for their IPOs despite market volatility, as investors seek exposure to yield plays and industries that are less affected by the US-China trade war.
Two Asian issuers sold Samurai bonds last week, bringing the market back to life after a supply drought in April following the end of the bail-in bond boom.
China’s State Development & Investment Corp took advantage of a flight to quality in a weak market last week to raise US$1bn from its second international bond.
ReNew Power is returning to a controversial funding structure to access the international debt capital markets, in a sign that recent rule changes may allow more Indian companies to borrow overseas.
US insurer MetLife made a sensational debut in the yen market last Thursday with a ¥151.7bn (US$1.38bn) five-tranche Global bond skewed towards 10-year and longer tenors.
International lenders are finding little joy in Japanese leveraged buyouts even as global private equity firms ramp up debt-funded acquisitions in the world’s third-biggest economy.
Kaisa Group Holdings regained ratings from Moody’s and S&P last week, four years after it became the first Chinese property developer to default on international bonds.
The Republic of the Philippines beat its own high standards on its second visit to China’s Panda bond market, taking advantage of lower renminbi yields to raise more money at a tighter spread and lower coupon than it did in 2018.
New Zealand has lost out on a stock market listing that would have broken a two-year IPO drought after Vodafone Group instead agreed to sell its local business.
JP Morgan’s former vice chair of Asia investment banking has become the first person to face criminal charges in Hong Kong over the bank’s “Sons and Daughters” programme that connected potential hires to investment banking opportunities.
Mizuho Financial Group reported its worst annual profit in a decade as it continued to struggle to increase revenues amid Japan’s ultra-low interest rate environment.