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Equity News
CapitaLand issues large CB in tough market
At an implied volatility of about 22% the pricing of the convertible is generous, but market sources question whether the bonds have been fully placed.




M&A Briefing
China ups the ante for Rio Tinto
Chinalco and Alcoa join forces to buy a 12% stake in Rio Tinto for $14 billion, taking both rival bidder BHP and the target by surprise, in a move analysts have called ingenious.


Equity News
E-House sells new shares at 8% discount
An existing shareholder withdraws plan to participate in the sale, resulting in a base deal size of $102 million.




In Debt
Pricing terms: Komipo $300 million bond
Korea Midland Power Company priced a $300 million Reg-S deal on Friday. Details listed here, commentary to follow.


FX
Managing Asian FX risk
Edoardo Sirtori, regional treasurer Asia for ST Microelectronics, talks about the challenges of managing foreign exchange risk in Asia.




Editor's Desk
Dealogic league table roundup, February 1
The debt capital markets stir back to life with a $500 million bond.


Standard & Poor's Daily Ratings Direct Asia-Pacific Highlights
Welcome to Standard & Poor's daily summary of credit research of interest to investors in Asia-Pacific.