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	Thursday, 18th June 2009

Top Stories

1. Yanlord issues first CB/placement combination this year
2. Chaoda raises $229 million from primary placement
3. Yingli prices US share sale at tight 2.5% discount
4. China Metal Recycling prices IPO at the top
5. BAT buys 85% of Indonesian cigarette maker
6. Citi to participate in IFC trade utility
7. Sponsored Announcements

Equity News
Yanlord issues first CB/placement combination this year
The Chinese property developer raises a total of $360 million for future land acquisitions. The S$275 million CB is completed without a stock borrow facility and carries a 26% conversion premium versus the discounted placement price.
By Anette Jönsson

Equity News
Chaoda raises $229 million from primary placement
Second time lucky for the fruit and vegetable producer, after a false start in April.
By Daniel Inman

Equity News
Yingli prices US share sale at tight 2.5% discount
The Chinese solar power company raises close to $203 million of new capital for debt repayments, while the chairman realises $39 million by selling a small portion of his holdings.
By Anette Jönsson

IPO Report
China Metal Recycling prices IPO at the top
The scrap metal recycling company raises $200 million to become the second-largest Hong Kong IPO year-to-date. Strong retail demand triggers a clawback that boosts the retail tranche to 30%.
By Anette Jönsson

M&A Briefing
BAT buys 85% of Indonesian cigarette maker
British American Tobacco agrees to buy the Rajawali Group’s 56% holding in PT Bentoel at a 20% premium as part of a wider $494 million deal.
By Rupert Walker

Trade Finance
Citi to participate in IFC trade utility
Citi signs an agreement to support the IFC’s new global trade liquidity programme.
By Edward Russell

Sponsored Announcements

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