India’s Yes Bank is raising ¥5bn (US$45m) from a one-year loan in Japan, returning to the offshore loan markets within a year of closing a US dollar borrowing.
Hedge fund Senrigan Capital Management and its founder, Nicholas Taylor, are seeking a review of the Australian Takeovers Panel decision to allow a US$2.5bn stock offering from miner Yancoal Australia to proceed.
(Reuters) China’s new loans in July fell to their lowest in eight months due to property curbs that have cooled mortgage lending and seasonal factors, reinforcing views that its economic growth will start to moderate in coming months.
Shanghai-based biopharmaceutical company Zai Lab has filed for a US$115m Nasdaq IPO with Citigroup, JP Morgan and Leerink as joint bookrunners.
Cifi Holdings (Group), rated Ba3/BB–/BB–, yesterday became the latest Chinese property developer to take advantage of the low-yield environment with an issue of tightly priced debut US$300m senior US dollar perpetual non-call five securities.
YY, a live streaming social media platform in China, has raised US$403m from a primary follow-on offering.
Carnival Group International Holdings plans to raise up to HK$1.97bn (US$252m) from a rights issue.
The China Securities Regulatory Commission has closed its review of Jiangxi Copper’s proposed private placement of up to US$758m A/H shares, after the copper producer applied to withdraw the application a month ago.
Blackcow Food has cleared a China Securities Regulatory Commission hearing for a proposed private share placement of up to Rmb15bn (US$2.24bn).
Medco Energi Internasional is seeking a US$360m reserve-based lending facility for the development of new oil and gas fields off the north-west coast of Borneo island.
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Chinese state-owned steelmaker Dongbei Special Steel Group last week unveiled a restructuring that includes the first principal loss in China’s public bond market.
iNova Pharmaceutical has broken new ground in Australia’s loan market with the first unitranche debt financing for a leveraged buyout, providing a funding option for financial sponsors in the Asia-Pacific region.
Two Vietnamese companies are preparing to test the depth of the domestic equity market with share sales totalling more than US$900m before the end of the year.
Singapore’s top investor advocate is ramping up its role in bond restructurings, providing a platform for individual investors to voice grievances as a unified group.
The escalating war of words between North Korea and the US dented demand for offerings of Asian high-yield bonds at the end of last week, forcing two issuers to cut issue sizes and pay up to keep investors on board.
Taiwan’s foreign-currency bond market broke new ground this month after Export-Import Bank of India became the lowest-rated borrower so far to sell Formosa bonds.
The mammoth US$10bn-plus sale of shares in Japan Post Holdings is likely to be pushed back to the autumn as the company struggles with a sagging share price and the poor performance of Australian subsidiary Toll Holdings.
Chinese companies are heading back to the US equity market after a few slow years for IPOs, with at least five preparing to list as early as September to raise a combined US$1.8bn.
Two years after Apple’s debut put Australia’s domestic market on the global map, another jumbo Kangaroo bond from a major US borrower has renewed hopes of further growth Down Under.
Japanese pension funds are embracing yen bonds sold without local language documentation in a bid to boost returns.
Capital markets are set to play a greater role in financing Asian infrastructure, adding firepower to the banking sector’s traditional dominance of project finance, say analysts at rating agencies.