Coffee Day tests market taste for IPO

Coffee Day tests market taste for IPO

India’s biggest coffee chain intends to raise capital to pay down debt and broaden its offering amid tough competition from foreign rivals.
The Chinese city commercial bank plans a domestic private placement of 100 million preferred shares to help replenish its capital base by raising up to Rmb10 billion.
Aymar de Liedekerke Beaufort, a 26-year veteran of the French bank, is the new Vietnam country head, having served in a similar capacity in several Eastern European countries.
A roundup of the latest syndicated loan market news.
FinanceAsia profiles Christina Ma, Goldman Sachs' head of China equities coverage and an early proponent of Stock Connect, who helped turn the idea into reality.
More Chinese airlines taxi down the runway in search of fresh equity to reduce high leverage and finance expansion.

POLLS

Has the level of compliance in Asia become too onerous for banks?




   |   View results
Yes, it takes too long to onboard a client
  57%
 
Yes, committees are shooting deals down
  27%
 
I think it’s at the right level. I can do my job and the regulation isn’t too onerous.
  6%
 
I think it’s too lenient. We still see bankers flouting rules and we need to do more to rein them in.
  10%

 

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