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Thursday, 20 June 2019

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  • Institutional tranche of Reliance Nippon OFS subscribed 2.6x

    Institutional tranche of Reliance Nippon OFS subscribed 2.6x

    14 June 2019 By S Anuradha

    The institutional tranche of the Rs3.8bn (US$54m) offer for sale in Reliance Nippon Life Asset Management was covered 2.6x when books closed yesterday, stock exchange data show.

  • Books covered for Scholar Education Group

    Books covered for Scholar Education Group

    14 June 2019

    The books for Scholar Education Group’s Hong Kong IPO of up to HK$585m (US$75m) are covered, according to people close to the deal.

  • Guangzhou Rural Commercial avoids Baoshang's shadow

    Guangzhou Rural Commercial avoids Baoshang's shadow

    14 June 2019 By Carol Chan

    Guangzhou Rural Commercial Bank successfully printed a debut US$1.43bn Basel-III compliant Additional Tier 1 issue at a very tight yield despite sell-offs of Chinese banks’ subordinated bonds since last month’s state takeover of Baoshang Bank.

  • Index Living Mall plans IPO of up to US$100m

    Index Living Mall plans IPO of up to US$100m

    14 June 2019 By S Anuradha

    Index Living Mall plans to launch a Stock Exchange of Thailand IPO of up to US$100m in the third quarter, people with knowledge of the transaction have said. The furniture and home-decoration retailer plans to sell 105m primary shares, or 21% of the share capital.

  • Jinxin IPO to close books early

    Jinxin IPO to close books early

    14 June 2019

    The books will close a day early on Monday for Jinxin Fertility Group’s Hong Kong IPO of up to HK$3.05bn (US$389m), according to a message sent to investors.

  • HDFC launches Rs9bn block in Gruh Finance

    HDFC launches Rs9bn block in Gruh Finance

    13 June 2019 By S Anuradha

    India’s Housing Development Finance Corp has launched a Rs9bn (US$129m) block in Gruh Finance at a floor price of Rs290, according to a term-sheet.

  • Budweiser Brewing wins HK approval for US$7bn IPO

    Budweiser Brewing wins HK approval for US$7bn IPO

    13 June 2019

    Budweiser Brewing Company APAC, the Asia-Pacific business of Anheuser-Busch InBev, has won listing approval from the Stock Exchange of Hong Kong, according to people familiar with the situation, for what could be the largest IPO in Hong Kong this year.

  • Korea draws robust demand for first socially conscious print

    Korea draws robust demand for first socially conscious print

    13 June 2019 By Frances Yoon

    The Republic of Korea (Aa2/AA/AA–) has joined the global race for socially conscious finance by issuing a US$1.5bn bond that came with a Green and Sustainable five-year tranche.

  • SBI keeps share sale on hold -CFO

    SBI keeps share sale on hold -CFO

    13 June 2019 By S Anuradha, Krishna Merchant

    Major state-owned Indian banks are holding off share sales while they wait for credit growth to pick up and their earnings to improve.

  • Books covered for Jinxin IPO

    Books covered for Jinxin IPO

    13 June 2019

    The books are covered for Jinxin Fertility Group’s Hong Kong IPO of up to HK$3.05bn (US$389m), according to people close to the deal.