Tag: infrastructure

The Indonesian property developer is offering bonds with a coupon of up to 8.625% and a conversion premium of 20% to 25%. The deal is expected to price tomorrow. Experts espouse the need for Asian nations to liberalise their infrastructure funding mechanisms in order to attract private investment. The State Bank of India and Macquarie have appointed Varun Bajpai and Praveen Gupta to senior management positions in their soon-to-be-established India infrastructure fund. Macquarie's Asian infrastructure conference reveals no surprises on India – investment still moves at a glacial pace. HSH Nordbank will complement its infrastructure finance capabilities with a new dedicated advisory group. Metro Pacific Investments uses a right of first refusal to match the valuation of a bid by Henry Sy Jr that would have given the San Miguel group and its allies absolute ... The Philippine infrastructure investment company sells new shares to pay for the acquisition of a stake in Meralco and boosts its free-float to above 20% in the process. Philippine infrastructure investment company Metro Pacific Investments is selling new shares to pay for its Meralco acquisition and to increase its free-float. The two are forming an asset management joint venture that will invest in core infrastructure in China, Hong Kong and Taiwan. The Unit Trust of India partners with HSH Nordbank and Noor in a $500 million private equity fund to invest in Indian infrastructure projects. With Asia's local and regional governments increasingly mandated to develop infrastructure, subnational debt issuance looks set to increase. Standard & Poor's calls for sound ... Andrew Yee of Standard Chartered IL&FS Infrastructure Growth Fund talks about Asian infrastructure post the credit crisis. An increase in private funding through the debt markets hinges on the development of a “credit culture” with solid due diligence, continual oversight and regular disclosure. Japan's JAIC becomes the first foreign venture capital firm to be approved to operate in Malaysia. The railway operator sells more of its 2013 bonds from May at a 25bp-30bp re-offer premium. The Chinese train maker seeks a smaller-than-expected $566 million from the H-share tranche as the valuation is kept below 20 times earnings. The combined A- and H-share ... China South Locomotive kicks off the A-share portion of its offering today after a belated approval from the Chinese regulator. The H-share tranche will follow on August 4. China South Locomotive prepares for a near simultaneous listing in Shanghai and Hong Kong by pre-marketing the $600 million H-share portion of the deal. The deal, which is only the third CB from Thailand since 2002, is completed without stock borrow or credit protection, making it something of a rarity. Macquarie, SBI and the International Finance Corporation, as a cornerstone investor, plan to contribute a total of $450 million to start the fund, which is expected to launch ...