Tag: autos

Equities

Yongda Auto extends IPO bookbuilding until Monday

The Chinese BMW dealership postpones pricing by three days in an attempt to salvage the $306 million deal amid weak demand. Terms remain unchanged.

By Anette Jönsson | 25 May 2012

Equities

Two Chinese companies seek $541 million from HK listings

BMW dealer Yongda Auto is aiming to raise at least $306 million, while copper producer China Nonferrous Mining is seeking at least $235 million from the first listing of ...

By Anette Jönsson | 15 May 2012

Equities

Indian auto components maker withdraws IPO

Samvardhana Motherson Finance calls off its $313 million IPO after poor sentiment towards India and concerns about new tax regulations leave the deal only 0.2 times covered.

By Anette Jönsson | 8 May 2012

Equities

China Auto Rental cancels US IPO

China's biggest auto rental company was seeking to raise up to $137.5 million from a listing on Nasdaq, but fails to attract sufficient demand from investors.

By Anette Jönsson | 26 April 2012

Equities

PE fund sells $129 million of shares in Zhongsheng

General Atlantic reduces its stake in Chinese auto retailer Zhongsheng for the third time since its IPO, while an existing shareholder sells $66 million of shares in Indonesian ...

By Anette Jönsson | 18 April 2012

Equities

China Auto Rental seeks $137.5 million from US IPO

Coming just a few weeks after Vipshop's dismal debut, China Auto Rental decides to cap the size of its Nasdaq IPO by selling only 14.9% of the share capital.

By Anette Jönsson | 12 April 2012

Debt

Hyundai Capital Services raises $500 million in bond sale

Hyundai Capital Services is the latest Korean borrower to tap the international bond markets this year, launching a tightly priced $500 million deal.

By Rupert Walker | 7 March 2012

M&A

Khazanah agrees to sell Proton stake to DRB-Hicom

DRB-Hicom is set to pay Khazanah $414 million for Malaysia’s leading carmaker.

By Nick Ferguson | 17 January 2012

Equities

New China Life raises $1.9 billion ahead of dual-listing

The Chinese insurer priced its IPO in Hong Kong and Shanghai near the bottom of the range. China Polymetallic Mining and Baoxin Auto also get their deals across the line in a ...

By Anette Jönsson, Aiko Hayashi | 9 December 2011

Debt

Hyundai rides dramatic rebound with $500 million bond

Several hundred million dollars worth of orders fall away as guidance tightens, but the bonds perform in secondary.

By Denise Wee | 5 December 2011

Equities

Another three companies launch Hong Kong IPOs

China Polymetallic Mining aims to raise up to $163 million, while confectionary maker China Lifestyle eyes $96 million and BMW dealer Baoxin Auto targets as much as $527 million.

By Aiko Hayashi | 29 November 2011

Debt

Hyundai Capital prices $700 million bond inside secondary curve

Hyundai Capital Services successfully closes its $700 million bond at a tight yield amid strong participation by US investors.

By Denise Wee | 24 January 2011

Equities

Guangzhou Auto increases bid for Denway by 25%

The all-share privatisation offer will cost the Chinese carmaker $4 billion based on the mid-point of its own valuation, and precedes a planned listing of Guangzhou Auto in ...

By Anette Jönsson | 9 June 2010

Debt

Hyundai hits market with $500 million benchmark deal

Hyundai Motor Company aggressively prices a five-year $500 million benchmark deal amid a global downturn in the auto industry.

By Mei Tuicolo | 14 April 2010

Debt

Gajah Tunggal proposes $420 million bond exchange

The distressed Indonesian tire manufacturer is the latest Asian company to seek a solution to its liquidity problems.

By Rupert Walker | 16 June 2009

Business Moves

GM Daewoo in urgent search for cash

General Motors' Korean subsidiary tries to reassure KDB, its second largest shareholder, of its good intentions in order to receive a much-needed cash injection.

By Rupert Walker | 10 June 2009

M&A

Chinese firm rescues GM's Hummer brand

China's Tengzhong inks an agreement to take over General Motors' Hummer brand and management team for an undisclosed price.

By Sameera Anand | 4 June 2009

View Point

The likely road ahead for US automakers

In this Op-Ed piece, Professor Ed Altman advocates bankruptcy protection for GM and Chrysler – but with continued government assistance.

By The Editors | 19 February 2009

Equities

Investors back Tata Motors' innovative CB

The truck and auto manufacturer raises $450 million from the sale of "CARS" that are structured to limit the dilution for the Tata Group.

By Anette Jönsson | 21 June 2007

Debt

Hyundai Capital Services issues five-year Eurobond

Korea's leading auto-financing company attracts massive interest in its bond, benefiting from an improvement in investor perception.

By Dan Slater | 19 January 2007

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