China Rapid Finance, the second Chinese P2P lender to list in the US, has cut its IPO target by as much as 48%, according to a filing.
Oil and gas producer Saka Energi Indonesia on Wednesday raised US$625m from a seven-year senior bond offering, breaking a two-year drought in supply from Indonesian quasi-sovereign issuers.
Housing and Urban Development Co has set the price range for its Rs11bn–Rs12bn (US$172m–$187m) IPO at Rs56–Rs60.
PetroVietnam Gas Corp, a subsidiary of state-owned Vietnam Oil & Gas Group (PetroVietnam), is wrapping up a US$210m five-year term loan after exercising the greenshoe option and increasing it from a US$140m base size.
AVIC International Leasing is tapping offshore markets for a US$150m three-year loan, barely weeks after launching a Rmb400m (US$58m) onshore facility.
Taiwan Cooperative Bank has opened a branch in Changsha, its fourth in China and the first for a Taiwanese bank in Hunan province, according to sources and a bank statement released on April 17.
State Grid Corporation of China, rated Aa3/AA–/A+, has printed the largest US dollar bond deal from Asia this year at US$5bn, raising money to fund its overseas buying spree.
Credit Suisse posted a 44% drop in net income in Asia Pacific during the first quarter as its market business continued to weigh on its performance.
Dyson Bowditch is set to become the head of ECM syndicate for Australia and New Zealand at JP Morgan, according to an internal memo seen by IFR.
Indonesian telecom towers operator Sarana Menara Nusantara’s Rp5trn–Rp5.6trn (US$375m–$422m) re-IPO is likely to be priced at the lower end of the Rp4,000–Rp4,500 per share range, two sources close to the transaction said.
Top Stories from this week's IFR Asia magazine
Saturday 0800 Hong Kong / Friday 0000 London
At a time when China is seeking inflows of foreign money, S&P’s first AAA rating in the onshore renminbi market has enormous significance.
The first Green bond from Australia’s QBE has brought the insurance sector into the growing market for environmentally responsible funding. That’s a welcome development, but it also shows there is no real limit to the format.
A bike-sharing company is set to go public for the first time in China, giving stock-market investors their first chance to buy into a business that has taken the country by storm in the past year.
China’s onshore securitisation industry has scored its first Triple A rating from an international agency, bringing the fast-growing market in line with the most rigorous global standards.
Goldman Sachs Group opened a new avenue for US banks to meet regulatory funding requirements last week with the first Kangaroo bond under New York law.
South Korean regulators plan to give private-equity funds (PEFs) a bigger role in corporate debt restructurings, in a move that will challenge expectations of support for troubled companies from state-owned lenders.
Massive capital spending, overseas acquisitions and the desire to expand their funding channels are pushing China’s two state-owned power transmission companies to look for opportunities in the international bond market.
The W2.65trn (US$2.3bn) listing of Netmarble Games last week confirmed South Korea’s appeal among equity investors, despite ongoing political turmoil and rising tensions with North Korea.
Lotte Chemical Titan filed for a US$1bn–$1.5bn Malaysian IPO last week, in the first equity capital raising from an affiliate of Lotte Group since the South Korean conglomerate was embroiled in a fraud scandal last year.
Australia’s QBE Insurance Group opened the Green bond market to the insurance sector last Thursday with the first public offering of Green bonds in a major currency.
Online sports media company LeSports is exploring a public listing as its parent, Chinese internet and technology conglomerate LeEco, battles a cash crunch.
Standard Chartered is making further changes to its corporate and institutional banking division as the unit’s CEO, Simon Cooper, pushes ahead with an overhaul of the lender’s largest operation.
China’s banks unexpectedly extended less credit in March than in February, but aggregate financing, which includes off-balance sheet lending, surged to a record level in the first quarter.
A trade association representing asset management behemoths BlackRock, Fidelity International and Allianz Global Investors, among others, has called on Singapore Exchange to rethink plans to introduce dual-class shares.