IPO Report
Reliance Petroleum prices IPO at mid-range despite colossal demand
Greenfield refinery and petrochemicals project raises $1.8 billion in first share sale from a Reliance company since the group was split.




IPO Report
Aditya Birla returns to investors with new prospectus
The Indian conglomerate revisits the A$299 million listing of its Australian mining company following a slippage at its open cut copper mine.


In Debt
KT corp readies fourth US dollar bond
Korean telecoms operator kicks off roadshows for a new 10-year Reg S offering.





Equity News
China Paradise investors cash in after share price drops 20%
Combined share placement of $153 million triggered by expiry of post-IPO lock-up.


Mutual Funds & Markets
Beijing may allow discretionary account management
China’s fund management companies and their clients are eager to begin this new line of business.


Polls
PLDT tops Philippines Best Managed Companies
The dominant local telecoms operator tops three categories in poll.


Institutional Investors
Goldman Sachs sees $6 billion of QDII money targeting Hong Kong stocks
US banks sees financial service providers, sectors not available in the domestic market and sectors trading at cheaper valuations in Hong Kong as key beneficiaries.


Business Moves
SK Corp pairs up with Pertamina to up oil production
In a move that expands SK Corp's reach and boosts Pertamina's production the two companies sign a JV agreement to build a lubricants plant in Indonesia.



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.