European corporates should consider issuing renminbi bonds to build a name in China, despite plentiful euro and dollar financing elsewhere
Baidu attracts $4 billion of orders within three hours amid robust US investor bid.
China’s currency has overtaken the Thai baht and Norwegian krone for use in global payments and continues to gain in popularity.
The former CB head is moving to London after just three years as co-head of ECM for Asia ex-Japan.
Changwon Lee has left J.P. Morgan and is joining Morgan Stanley as its new head of Korea DCM based in Hong Kong.
The deal attracts the attention of both hedge funds and outright investors and is upsized to $175 million.
The hard-underwritten transaction came at a 6.5% discount and is believed to have been somewhat short on demand. Separately, a pre-IPO investor in Taiwan-listed Ginko raised $100 million from a well-received block trade.
Gordon Crosbie-Walsh will become head of Asia equity syndicate as well as co-head of Asia ECM at Jefferies, according to sources. He left J.P. Morgan’s syndicate desk earlier this week.
The US-based auto parts supplier becomes the latest company to call off a Hong Kong listing attempt, as wild swings in global stock markets continue to erode investor confidence.
The US-based auto parts company kicks off an offering of up to $325 million after another Hong Kong deal was pulled due to falling markets.
J.P. Morgan’s top money manager sees fear of China driving long-term reform in Japan and says investors should take recent stock market losses on the chin.
Paulus named head of public sector coverage, part of the New York bank’s efforts to diversify in Asia.
The company, which was seeking to raise at least $670 million, is the second Hong Kong listing to be called off in the past three weeks and raises questions about the potential demand for four other property deals in the pipeline.
OUE Hospitality Reit is aiming to raise at about $700 million from a Singapore listing, while NW Hotel Investments is targeting up to $800 million from its Hong Kong IPO.
Huaneng Hong Kong closes the first dollar bond in more than a week, but it is heavily placed with banks.
The auto parts company seeks to raise as much as $500 million. Meanwhile, China Harmony Auto and Wuzhou International are expected to close books today for their offerings.
The Cosco Capital deal, which is accompanied by a substantial asset injection, attracts close to 50 investors despite a challenging market backdrop.
The IPO comes as the property sector takes a dive due to concerns about rising interest rates, but even so, it was accompanied in the market yesterday by Ascendas Hospitality Trust, which raised $113 million to finance an acquisition.
Vedanta raises $1.7 billion from a jumbo bond to take out a bridge loan for the Cairn India acquisition.
Central China Real Estate opts to issue in dollars to redeem outstanding foreign debt.