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LOANS: Tata Tele Raises Rs34.27bn PF Loan
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BONDS: MacBank A$1.2bn Puma Masterfund RMBS PP
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BONDS: Formosa Petrochem RFPs Out For NTD5bn New Bond
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BONDS: CDB To Reopen 10-year Floater For CNY23.38bn.
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LOANS: EDC Mandates Three For US$175m Loan
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MPL: RBS Appoints Sharma To Bank Loan Sales, Ho Joins BoA Merrill
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LOANS: Petron's US$350m Facility To be Launched Soon
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BONDS: Shenhua Prices Rmb10.8bn 5-year MTN As Expected
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LOANS: Reliance Industries Raises US$800m In Club Loans
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LOANS: Asian Tank Terminal Sends RFP For US$250m Financing
Top Stories
Ascendas pioneers CB with CMBS characteristics
Necessity is the mother of invention and Singapore’s REIT sector is fast turning out to be a laboratory for capital markets instruments that push boundaries. Last week, Ascendas REIT raised S$300m (US$215m) through a path-breaking CB that could become a harbinger for more issuance to follow from the beleaguered S-REIT sector.
Is the price right for Shouguang’s HK listing?
China Shouguang Agricultural Product Logistic Park, an agricultural products market operator, has set itself a tall ask on its proposed Hong Kong IPO given the terms of its recent US$600m pre-IPO financing.
Moment of truth
Standard Chartered’s ambitions to grab a share of Asia Pacific’s equity-linked business suffered a blow last week with the departure of several senior bankers to Morgan Stanley, which is finally getting its act together in the region. Shankar Ramakrishnan and Owen Wild report.
Australia eyes A-REIT CB with keen interest
It is rare for Australian capital markets to look to Asia to blaze the trail, but last week’s S$300m (US$215m) seven-year put five CB for Singapore’s Ascendas REIT has snapped participants in the Aussie securitisation market out of their slumber. The innovative structure that sole bookrunner Citigroup employed on A-REIT’s CB could very well become a template for Aussie CMBS issuers and provide a ray of hope to a market that has not had much cause for optimism for a long time.
Astro takes after Maxis and goes private
The ink has barely dried on the circa M$3bn (US$907m) bridge that will fund the take-private plan of Kuala Lumpur-listed pay-TV operator Astro All Asia Networks and lenders are already talking about a takeout. And just as ECM bankers benefited from the delisting and relisting of telecom giant Maxis, they are also looking for a piece of the action this time around.
Berau Coal surprises with early takeout proposal
Indonesia’s Berau Coal is planning a US$600m combined loan and bond fundraising to take out two bridge facilities that backed its 90% acquisition by Recapital Advisors, a Bakrie Group-linked investment firm.
Shop till you drop for Home Shopping lenders
Those exposed to the high-profile LBO loan syndicated last year for Taiwan’s Eastern Home Shopping Network are growing increasingly nervous as the entity fights to stay alive.
Nomura claws Bhattal back to address staff overhang
No one likes an overhang on their stock. But for the last two years, Nomura has had an overhang on a large chunk of the investment banking workforce that it took on in Europe and Asia from Lehman Brothers back in 2008. Keen to avoid defections at the time, the Japanese bank guaranteed bonus payments for two years, an agreement that expires with the bonus round currently under way.
Up Front
Hope or hype?
It wasn’t that long ago that financial innovation was treated with almost universal suspicion, as financial wizardry became synonymous with excessive risk taking.
People & Markets
Moment of truth
Standard Chartered’s ambitions to grab a share of Asia Pacific’s equity-linked business suffered a blow last week with the departure of several senior bankers to Morgan Stanley, which is finally getting its act together in the region. Shankar Ramakrishnan and Owen Wild report.
Nomura claws Bhattal back to address staff overhang
No one likes an overhang on their stock. But for the last two years, Nomura has had an overhang on a large chunk of the investment banking workforce that it took on in Europe and Asia from Lehman Brothers back in 2008. Keen to avoid defections at the time, the Japanese bank guaranteed bonus payments for two years, an agreement that expires with the bonus round currently under way.
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