China’s second-largest steelmaker prices Asia’s first dollar bond in nearly a week, paying up some premium as market volatility continues to dampen sentiment.
Baosteel downwardly revises size of bridge loan as it moves closer to buying Aquila, with a nod from Australia's Foreign Investment and Review Board on Thursday.
Dim sum deals by Baosteel and Mitsui & Co reflect growing investor appetite for five-year bonds.
Chinese steelmaker Baosteel chooses to keep the five-year tranche of its offshore renminbi bond small despite strong demand, opting instead to allocate more to the three-year tranche.
Rivals speculate that Shougang Corp's dim sum bonds were not widely distributed and suffered weak take-up from institutional investors.
The state-owned steelmaker completes investor meetings amid challenging markets.
A consortium of Chinese buyers shells out $1.95 billion for a 15% stake in a Brazilian niobium producer, as China's quest to secure supplies of key natural resources continues.
Da Ming’s IPO comes as Chinese steel companies worry that government tightening measures aimed at the property market will erode steel demand.
Investments by Baosteel in Perth-based Aquila Resources and by China Investment Corporation into London's Canary Wharf suggest the appetite for offshore acquisitions among Chinese firms continues.
The domestic IPO of Baosteel is a potent sign of the potential size and quality of China''s domestic capital markets.