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IPO Report
ICBC surprises no one by pricing record IPO at the top
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.





Equity News
Yue Yuen pockets $361 million from equity and CB sale
Strong demand boosts the size of the convertible bond by 84%. The share component attracts less interest.


Equity News
Minmetals completes convertible as investors bet on future growth
The deal accounts for one-fifth of the total market cap and prices with a conversion premium of 30%.





In Debt
Citigroup and Chinatrust mandated for LBO finance
The $1.5 billion leveraged buyout financing for MBK Partners’ purchase of China Network Systems will be one of the larger private-equity financings ever completed in Asia.


In Debt
Rizal Commercial Bank prices hybrid deal
Citigroup and Credit Suisse price the third hybrid of the year from the Philippines in line with guidance.





In Debt
New high-yield bond for Fajar Surya Wisea
Deutsche prices a new deal for the Indonesian paper producer.


Alternative Investments
Macquarie maps out the world of infrastructure
Annual expenditure of $400 billion-plus is needed to meet global infrastructure needs, creating new opportunities for investors.


People Moves
Warburg Pincus India loses veteran
Warburg Pincus India managing director, Pulak Prasad, moves on after a stellar eight-year tenure.


People Moves
SunGard GMI relocates Strid
Leif Strid to lead SunGard's regional clearing and accounting system for exhange-traded derivatives, futures and options.


Editor's Desk
Dealogic League Table Roundup October 20
ICBC reshuffles the ECM league table rankings while the debt capital markets hold steady.



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Standard & Poor's Daily Ratings Direct Asia-Pacific Highlights
Welcome to Standard & Poor's daily summary of credit research of interest to investors in Asia-Pacific.