Tag: jpmorgan

The aluminium extrusion company raises $1.26 billion and becomes the largest IPO so far this year amid good interest from global institutions. Retail investors are less ... Offered at a slight premium over its closest competitor, the aluminium extrusion products manufacturer is set to become the largest IPO globally year-to-date. Chinese aluminium company Zhongwang is to start formal marketing on Monday. The roadshow will focus on its potential as a play on China's aggressive railway spending and the ... Cathay United Bank is offering to buy back up to $125 million of its sole international bond at a discount. Temasek takes up its 39.7% entitlement, but CapitaLand completes the deal without calling on underwriters. Meanwhile, Shinhan sets the price for its rights issue at a 25% discount. The exchange allows Olam to lower its upfront debt-to-equity ratio and increases the likelihood that the CBs will be converted before the put date in 2011. Jubilant Organosys repurchases $48.3 million worth of convertible bonds and becomes the first Indian company to buy back CBs through a tender offer. The exchange offer is the latest in a series of moves by Olam to clear its outstanding debt. J.P. Morgan's treasury services team expands into Taiwan futures and options settlement. KB Financial Group makes use of a steep share price gain to complete the placement, but faces an immediate sell-off as stockmarkets react negatively to a decision not to bail ... The tender, which will permit investors to offload the poorly trading bonds and allow the company to make a profit, follows a similar offer by Korea's KCC. Increased demand for commodities will affect mainly cement and steel, neither of which will benefit companies outside China, argues Frank Gong. In moving to J.P. Morgan, Shibata joins a long line of former Lehman employees in Japan who have left after the takeover by Nomura. Minority shareholders shun the issue, while JM Financial backs out of its underwriting commitments on one of the two tranches and takes up only a small portion of the 67.8% it ... David Hansson transfers from London to develop the bank's equity-linked structured products platform and distribution in Asia ex-Japan. The highly leveraged power generator raises $105 million by selling 60% of its hydro-power unit to affiliate EDC. The American flash memory supplier rejects "inadequate" proposal made by the Korean conglomerate. The Korean chaebol tries to turn market turmoil to its advantage, putting forward a $5.85 billion offer which the US flash memory supplier has already rejected as inadequate. The Pakistani bank is the first to benefit from a joint funding initiative set up by JPMorgan and IFC to boost trade activities and ease the liquidity strain in the region. Kalpana Morparia departs ICICI group after a career spanning more than three decades to take on the job of CEO at JPMorgan India.