http://www.ifrasia.com http://www.ifrasia.com http://www.ifrasia.com/magazine/graphics/logo.png http://www.ifrasia.com http://www.ifrasia.com/twin-rights/604014.article http://www.ifrasia.com/twin-rights/604014.article Offshore oil and gas services provider Ezra Holdings will launch a renounceable underwritten one-for-five rights issue to raise S$155.26m (US$114.4m). It is offering up to 142.75m new shares at S$1.18 each, discounts of 33.33% to the August 30 closing and 29.41% to TERP. DBS is sole financial adviser, lead manager and underwriter of the rights issue. Sat, 4 Sep 2010 00:00 GMT http://www.ifrasia.com/indonesian-impetus/604041.article http://www.ifrasia.com/indonesian-impetus/604041.article Citigroup and UBS have been mandated as foreign bookrunners for the US$400m IPO of Indonesian air carrier Garuda, according to a source close to the deal. The IPO is scheduled for November, but domestic bankers doubt if the deal can be completed this year. Bahana, Danareksa and Mandiri were previously named as domestic underwriters. Sat, 4 Sep 2010 00:00 GMT http://www.ifrasia.com/more-jumbo-ipos/604140.article http://www.ifrasia.com/more-jumbo-ipos/604140.article Ningbo Port, the world’s fourth-busiest port operation for cargo-handling, will launch its Shanghai IPO of up to Rmb13.25bn on September 14. The deal, which comprises 2.5bn A-shares, will price on September 15.   Sat, 4 Sep 2010 00:00 GMT http://www.ifrasia.com/boc-wins-nod/603330.article http://www.ifrasia.com/boc-wins-nod/603330.article Shareholders of Bank of China, the mainland’s third-largest lender, have approved its proposed rights issue plan. BOC said earlier it was looking to raise not more than Rmb60bn through the sale of 27.92bn rights shares (19.56bn A-shares and 8.36bn H-shares) on a 1.1-for-10 basis. The rights price has yet to be determined, but the subscription prices for the A- and H-shares will be the same after the exchange-rate adjustment. Sat, 28 Aug 2010 00:00 GMT http://www.ifrasia.com/permission-for-take-off/603335.article http://www.ifrasia.com/permission-for-take-off/603335.article China Southern Airlines has secured CSRC approval for its proposed private placement of up to Rmb10bn. The company is looking to sell up to 1.77bn A-shares at a floor price of Rmb5.66 each to not more than 10 investors, including state-owned parent China Southern Air Holding. Meanwhile, it will also issue up to 312.5m H shares to the parent’s Hong Kong subsidiary at a floor price of HK$2.73 apiece to raise HK$853m. Proceeds will be used to pay off up to 30 separate bank l Sat, 28 Aug 2010 00:00 GMT http://www.ifrasia.com/banking-invites/603362.article http://www.ifrasia.com/banking-invites/603362.article Bank Negara Indonesia and Bank Mandiri have sent out RFPs to financial institutions ahead of chunky rights issues. BNI aims to raise up to Rp9trn (US$1bn) and Mandiri has targeted proceeds of Rp13trn–Rp14trn. BNI has contacted both foreign and domestic banks, while Mandiri has so far sent RFPs only to Indonesian banks. The BNI deal will be completed first. The intention is to achieve both equity raisings before the end of the year, but some Sat, 28 Aug 2010 00:00 GMT http://www.ifrasia.com/more-raisings/603391.article http://www.ifrasia.com/more-raisings/603391.article Jet Airways will raise up to US$400m in a QIP after shareholders approved its proposal at last week’s AGM. The deal size will be equivalent to around 20% of the company’s existing share capital. Sat, 28 Aug 2010 00:00 GMT http://www.ifrasia.com/bpi-wraps-up-rights/602381.article http://www.ifrasia.com/bpi-wraps-up-rights/602381.article Bank of the Philippine Islands reported a 98.6% take-up rate in its Ps10bn (US$223m) one-for-10.55 rights offering, with the remainder easily covered by oversubscriptions. Applications for Ps14bn of shares were received. BPI Capital was domestic issue manager and JP Morgan was international lead manager. Sat, 21 Aug 2010 00:00 GMT http://www.ifrasia.com/ccb-adds-two-banks/602386.article http://www.ifrasia.com/ccb-adds-two-banks/602386.article Citic Securities and Galaxy Securities have joined CICC to arrange the A-share tranche of the up to Rmb75bn rights issue of China Construction Bank, China’s second-largest lender. Sat, 21 Aug 2010 00:00 GMT http://www.ifrasia.com/money-in-the-bank/602477.article http://www.ifrasia.com/money-in-the-bank/602477.article Bank Mandiri’s president said it would seek to raise Rp13trn–Rp14trn (US$1.5bn–US$1.6bn) in a rights issue in December, Reuters reported. However, state-owned enterprises minister Mustafa Abubakar told local media that Mandiri’s rights issue was a lower priority than that of Bank Negara Indonesia and might be pushed back to next year, with a likely offering size of around Rp7trn. The government will ultimately make the decision and market sources expected it to set an off Sat, 21 Aug 2010 00:00 GMT