A roundup of the latest syndicated loan market news.
The Thai bank has been looking at the stake for a few months and is being advised by Citi.
ING’s sale of its 31% stake in TMB Bank is among the deals on hold amid the political upheaval.
The NYSE-listed multiline property and casualty insurer agreed to buy Siam Commercial Samaggi Insurance for about $185 million, the latest in a string of M&A deals in the sector.
Haitian raises $200 million from debut CB, while CP Foods brings Thailand’s first ever exchangeable bond, a $290 million deal into CP All.
Today we recognise the best deals from each of the main markets in the region.
The Thai telecom infrastructure fund will have a total value of $1.8 billion and comes with a fixed forward yield of 8.8%.
The spin-off from Kerry Properties will be fully covered when it opens today after attracting a lot of interest from international investors. Meanwhile, bankers start investor education for China Everbright Bank.
Phoenix Healthcare is set for a good debut after attracting $5 billion of demand and Qinhuangdao Port is fully covered after three days, while Dongpeng is forced to cut the price and China Everbright hopes to be third time lucky.
The Chinese raw milk producer raises $426 million at a valuation of 17 times forward earnings, while investors look ahead to the larger offerings from Cinda Asset Management and Qinhuangdao Port due next week.
Group takes a step closer to listing Frasers Centrepoint, paving the way for the company's restructuring.
Thailand’s richest man Dhanin Chearavanont keeps the deal mill turning.