Tag: suisse deutsche

HSBC China becomes the first locally incorporated foreign bank to help underwrite a financial bond in China, with a Rmb5 billion two-tranche deal for Bank of Shanghai. The spin-off of CapitaLand's shopping mall business is seeking to raise at least $1.6 billion, making it the largest IPO in Singapore in more than 15 years. The world's second largest thenardite producer sells $250 million of 12% five-year bonds. Tata Power raises $335 million, while Suzlon increases the offering it launched on Monday to $108 million. Two-thirds of the upsized deal are new shares, allowing the coking coal producer to raise new capital for acquisitions, while the rest of the shares are sold by the vice chairman. Korea goes easy on price in return for size, allowing it to raise 50% more than initially planned from its dual-tranche sovereign. The solar wafer manufacturer prices its follow-on at a 1.3% discount after the share price falls 14.7% during marketing. At $19.1 billion, the IPO from China's largest lender marks the largest initial share sale in the world. The institutional order book was covered in half an hour. Price range indicates pre-greenshoe deal size of $15.9 billion to $19.1 billion for combined H and A share offering. The offering has the potential to become the world's ... The company secures $3.5 billion from 15 corporate investors to set the deal off to a good start.