New Indian regulatory guidelines on the utilisation of corporate bond limits for foreign investors will completely halt Masala bond issuances in the near term and hurt the renewable energy deal pipeline out of India, market sources have said.
National Stock Exchange is seeking a settlement with the Securities and Exchange Board of India over allegations that it gave unfair access to some trading members.
Shandong Gold Mining has secured board approval to issue H-shares on the main board of the Stock Exchange of Hong Kong.
US biopharmaceutical company Tissue Gene is planning a KRX IPO that could raise at least W100bn (US$89m), according to a source with knowledge of the deal.
(Reuters) Bank Mandiri, Indonesia’s largest bank by assets, reported a 34% rise in first-half net profit, supported by an increase in fee-based income.
Commodity trader Trafigura Beheer has obtained the same pricing on its latest US$1.5bn-equivalent multi-tranche financing as it did on last year’s visit.
Indian animal feed maker Godrej Agrovet has filed the draft prospectus for a Rs10bn–Rs13bn (US$155m–$200m) IPO and is targeting a fourth quarter launch.
Bahrain-headquartered Arab Banking Corporation has appointed Patrick Tan general manager of its Singapore branch and head of Asia.
COSCO Shipping Development, formerly China Shipping Container Lines, has applied to the China Securities Regulatory Commission for a proposed private share placement of up to Rmb8.6bn (US$1.27bn).
Malaysian state-owned investment firm Khazanah Nasional has raised M$571m (US$133m) from the sale of a block of 90.5m CIMB Group Holdings shares.
Top Stories from this week's IFR Asia magazine
Saturday 0800 Hong Kong / Friday 0000 London
When IFR Asia launched in 1997, China and Hong Kong were Asia’s biggest markets for equity issuance. Two decades and 1,000 magazines later, China still leads the way, but other countries have struggled to keep up with the pace.
China loans, anyone? China Citic Bank International’s clean-out of US$2.8bn from its loan book would be a neat entry point for any investor looking for exposure to offshore Chinese credit. But if Chinese banks are selling, who’s buying?
High-yield investors brushed aside concerns of oversupply in the Chinese property sector to welcome four more issuers last week, underlining the depth of demand there.
China Citic Bank International has put the spotlight on mainland lenders’ risk-management tactics with a move to sell a loan portfolio totalling more than US$2.8bn in the secondary market.
The Republic of Indonesia printed its first dual-currency sovereign benchmark last Tuesday, making its first visit to the US dollar and euro bond markets since it earned its third investment-grade rating.
China National Petroleum Corp is going out of its way to make a record Rmb10bn (US$1.47bn) sale of exchangeable bonds irresistible to investors after recent regulatory changes raised the bar on major share disposals.
SoftBank set a global record in the hybrid capital market with a US$4.5bn two-tranche perpetual that tapped into demand for higher returns.
China Hongqiao Group, the country’s largest aluminium producer, cancelled plans for a Rmb10bn (US$1.47bn) onshore perpetual bond last week, highlighting its refinancing challenges amid a continued delay in the publication of its 2016 results.
Kolao Holdings, the biggest automotive dealer in Laos, is exploring a potential bond issue in Thailand, highlighting the appeal of the kingdom’s financial market as a regional funding hub for Indochina.
PTT Exploration and Production has printed a US$500m corporate hybrid as part of an unusual liability management transaction that will result in big savings for the issuer.
China is giving H-share companies more flexibility on the timing of their follow-on offerings in a move that could encourage more issuers to sell shares in the public market.
South Korea’s buoyant equity capital markets look set for a further boost from the W1trn (US$883m) listing of biopharmaceutical distributor Celltrion Healthcare.
Bankers defended the lower-than-expected pricing for broadband provider NetLink NBN Trust last week after a cautious response to Singapore’s largest IPO in six years.
The head of Hong Kong’s Securities and Futures Commission last week pledged greater direct intervention in IPO applications under its existing powers after plans to reform the listing process drew widespread opposition.