Alibaba allocates to happy few

Alibaba allocates to happy few

It is likely to be case of open sesame for Alibaba's IPO investors, with the company on course to make a strong debut on the New York Stock Exchange after significantly scaling back allocations in its $320 billion institutional order book.
The Hong Kong bank's Additional Tier 1 bond was 16x oversubscribed, but credit risk may rise due to recent takeover.
Alibaba completes record-breaking $24.4 billion New York IPO.
Cofco Land plans to fund its acquisition of $1.6 billion worth of properties with a share placement of up to $500 million and a loan, which are both expected early November.
The third-generation family-run cab company is pre-marketing and hopes to float its shares in November.
Jababeka International replaces its old notes with cheaper new ones, leveraging on the rarity factor in Asian high-yield and saving over 400bp in funding costs.

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