North Asia
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.
CLP lights up debt markets with funding binge
CLP Holdings, the blue-chip Hong Kong power utility, is ramping up its funding activity, having launched last Friday a US$500m 10-year Reg S trade as well as self-arranging a HK$6bn (US$774m) five-year facility that will set a new post-crisis pricing benchmark in the territory’s loan markets.
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Korea braces for SPAC attack
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Cancellation of AIA’s jumbo listing hits SEHK
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Kexim prices global in Korea Inc's fastest offshore execution
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China’s muni bond plan in limbo
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Zhongsheng stuns market with steep valuation
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The big sale: Lotte Shopping to sell debt to fund M&A
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Country Garden’s ‘audacious’ consent plan comes under fire
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China bars trusts from funding land reserves
South Asia
Charity begins at home for banks on Indian state selldowns
Bookbuilding on Indian state-owned miner NMDC’s Rs99.6bn–Rs116.2bn (US$2.18bn–$2.55bn) follow-on began with a muted response last week – though this was not surprising considering the measly fees the Indian government was paying the six bookrunners on the deal. Observers are now blaming the Indian government’s stinginess on fees for the limited success of its privatisation programme this year.
Lenders cringe as pricing on Bharti’s mammoth loan goes into freefall
In an ominous sign of where Indian loan pricing is heading, the US$10bn acquisition financing backing Bharti Airtel’s US$10.7bn bid for Zain Africa is expected to pay much less than early indications suggested.
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Third time lucky for buyers of Vedanta CB
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Beleaguered Suzlon goes back to CB restructuring table
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ECA financings provide hope for foreign lenders to Indian PF
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Bharti leans heavily on offshore loan for Zain bid
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Timing and onshore funding crucial for Bharti’s US$10.7bn Zain bid
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Volatile markets force Indian government to change tack on divestment process
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CB rules amendment provides relief to Indian issuers
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Thai issuers' plans to go offshore in doubt following global sell-off
South-East Asia
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Ascendas pioneers CB with CMBS characteristics
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Astro takes after Maxis and goes private
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Berau Coal surprises with early takeout proposal
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Australia eyes A-REIT CB with keen interest
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Matahari LBO structure revealed as deal hits regulatory hurdle
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Philippines targets overseas workers for maiden dollar retail bond
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ICTSI storms market with rare 10-year Philippines corporate Reg S
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Philippines affirms credentials with JBIC-guaranteed Samurai
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Maxis’ abrupt volte-face rankles offshore lenders
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Water, water everywhere: ADB mulls ‘water bonds’
Australasia
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APRA regs clarity helps Queensland to go big
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Time ripe for Aussie borrowers to refinance
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Hope abounds for Aussie CMBS as Leda secures last-minute refinancing
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Opportunistic ADB swoops on Aussie basis tightening
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Australia eyes A-REIT CB with keen interest
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Mega QR National IPO breathes life into Aussie ECM
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Westpac to test Japanese appetite for stand-alone Australian bank issuance
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JP Morgan Kangaroo wins over cash-rich investors looking for yield
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Last-minute equity raising helps Lend Lease dodge downgrade to junk
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A deal done well