Tag: suisse goldman

With days to spare before the end of the year, the Chinese insurer pulls off the second largest IPO in Hong Kong for 2009. The Chinese insurer may raise more than $3 billion from a Hong Kong IPO two years after it listed in Shanghai. OCBC, Singapore's third biggest lender, finds solid European demand for an issue of callable lower tier-2 subordinated bonds with a step-up coupon. Two years after being taken private, Maxis will relist the domestic portion of its business, offering investors a high-quality yield play. Keppel Land is seeking $478 million from a rights issue that is 90% supported by its parent company, while Maybank says its $1.7 billion deal was 27.7% oversubscribed. Malaysia's largest lender lives up to its promise and offers the shares at a 34.4% discount to the theoretical ex-rights price, but fails to halt the slide in its stock. The $1.6 billion offering will be the second largest bank equity deal in Asia this year after DBS's rights issue and will come at a similar discount.