In Debt
Hutchison raises $1.5 billion in global bond deal
The Hong Kong conglomerate attracts strong demand for its first US dollar bond in five years, despite tight pricing.
By Rupert Walker



In Debt
Korea to price benchmark dollar bond later today
Korea's first sovereign offering in three years is set to price generously and attract solid demand. Meanwhile, the Korean government extends its state bond guarantee by six months and includes maturities of up to five years.
By Rupert Walker

Equity News
Shimao sells $240 million worth of new shares
The property developer shakes off a profit warning and becomes the first Hong Kong-listed company to do a follow-on offering since mid-February. Meanwhile, Credit Suisse and Morgan Stanley trim their holdings in China Resources Gas.
By Anette Jönsson



M&A Briefing
Danone exits India joint venture
France's Groupe Danone will sell its equity stake in its India JV, Britannia Industries, to its local partners for around $200 million.
By Sameera Anand

People Moves
Wayne Yang leaves Merrill for Deutsche
Yang's experience of integrating wealth management for super rich individuals with investment banking will be continued at Deutsche.
By Dan Slater



People Moves
Herbert Smith launches restructuring practice in HK
Herbert Smith joins the crowd of law firms that are building their restructuring teams by hiring Michael Barker as a partner focused on restructuring and insolvency work.
By Lara Wozniak