PizzaExpress raises $1 billion to fund its LBO despite weakening markets and its new owner Hony talks to FinanceAsia about expansion plans.
Tata Steel raises jumbo dual-tranche bond, while Greenko and Global Cloud Xchange prices structurally appealing high-yield notes.
Asia bond markets saw a whopping $6 billion in issuance overnight from the likes of Tata Steel, Greenko and China Exim Bank as investors look to put money to work.
The China-heavy Asian high-yield sector is set to see new players emerging in the coming months, with Indian corporates Greenko, GCX and Tata Steel setting the scene.
Investors see attractive value in Chinese corporate issuers’ US dollar bonds, especially from the investment-grade space, as onshore credit conditions ease.
The water treatment firm sold the country’s first Singapore dollar perpetual bond since April.
More middle-and small-sized Chinese banks are planning to issue preferred shares. However, there are challenges for such issuance.
Asian high-yield bonds come with the best quality covenants globally as investors continue to scrutinise borrower profiles.
The recent changes to Safe rules on cross-border fundraising are a baby step forward, offering opportunities for foreign lenders.
Advanced Semiconductor Engineering sells a debut $300 million three-year debt offering.
Goodpack held roadshows in Singapore this week for a $720 million term loan to fund KKR's buyout and meets with US investors next week.
The Jiangsu-based developer raised a $350m bond, the first Chinese property issue this month.
China’s new SAFE cross-border rules enable Chinese borrowers to back loans with onshore assets but restrictions over remitting the funds back onshore will cap borrowing.
Trade and Development Bank of Mongolia has postponed its dollar bond deal, blaming a banking crisis in Portugal.
Beijing-based Hony Capital is buying Britain's iconic PizzaExpress for about £900 million.