Airtel Africa, a subsidiary of India’s biggest mobile carrier Bharti Airtel, could raise at least US$1bn through its London IPO, a person with knowledge of the transaction said.
(Reuters) Sumitomo Mitsui Financial Group posted on Wednesday a 37% jump in second-quarter net profit, helped by gains from its stock holdings and smaller bad loan costs.
DBS Group has made several senior management changes ahead of the planned retirement of its head of institutional banking Jeanette Wong.
Mizuho Financial Group’s second quarter net profit flatlined as a fall in credit-related costs and gains from the unwinding of cross-shareholdings helped offset a decline in lending income.
CSSC (Hong Kong) Shipping Company plans to raise about US$300m-$500m from a Hong Kong IPO next year, according to people close to the deal.
Singapore-listed Cache Logistics Trust is in the market with a S$265m (US$192m) unsecured refinancing that will help release assets used as security for previous borrowings.
A unit of Taiwanese conglomerate Hon Hai Precision Industry is seeking a US$500m three-year loan to refinance a bridge loan that funded its acquisition of Belkin International, a US-based maker of smartphone accessories and home networking products.
Zhongyuan Bank priced a US$1.395bn Additional Tier 1 securities offering completely out of line with market pricing, but the trade might still serve as a model for mid-sized Chinese banks to fill their capital needs.
Bank of China, rated A1/A/A, yesterday printed US$1.83bn-equivalent of bonds in four currencies through its Hong Kong and Macau branches to fund loans in the so-called “Greater Bay Area” comprising Guangdong, Hong Kong and Macau.
Australia-listed recruitment firm Seek is offering tighter pricing for its US$874m-equivalent facility compared to that on its previous visit to the loan market in June 2017.