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Month: June 2020

Link Reit makes sustainability loan comeback

Hong Kong-listed Link Real Estate Investment Trust has raised a HK$1bn ($129m) sustainability-linked loan from OCBC Bank.

Pacific Insurance takes next step with London GDR listing

Shanghai-based China Pacific Insurance (Group) Co has issued its “intention to float” on the London Stock Exchange, firming up the deal size and the syndicate group on the listing.

MGM wins $500m from bond sale

Macau casino operator MGM China Holdings raked in $500m from bond investors on Thursday.

Simcere Pharmaceutical eyes Hong Kong listing

China’s Simcere Pharmaceutical Group is seeking the green light to float on Hong Kong’s stock exchange after filing a listing application with the bourse.

Thai Oil navigates softer markets for $1bn

Thai Oil Public Co managed to raise $1bn from a dual-tranche bond by the ‘skin of its teeth’ on Thursday, tightening price guidance twice during bookbuilding to find the right groups of investors.

HK-listed Weigao plans Star market spin-off

Shandong Weigao Group Medical Polymer Co is looking to spin off and list its orthopaedic business on Shanghai’s Nasdaq-style Star market.

AIIB scores ‘best Panda ever’ for Covid-19 efforts

Asian Infrastructure Investment Bank took home Rmb3bn ($424m) from its debut Panda bond on Thursday, at a price that was well below levels of its comparables. Senior officials at the Beijing-based supranational bank told GlobalCapital

Sinic sells $210m bond with first-time ratings in hand

Chinese property developer Sinic Holdings (Group) Co launched a two year dollar bond on Thursday after receiving international credit ratings this week for the first time.

Topsports block fetches bigger $375m

Belle International pocketed HK$2.91bn ($375m) this week after trimming its stake in subsidiary, Topsports International Holdings.

China policy and markets round-up: Beijing sets timeline for reform, May inflation data disappoints, aviation and auto industries recover

In this round-up, China’s central government pushes ahead with reform, both the consumer price index and the producer price index were weaker than expected in May, and aviation activity and car sales warm up.

Matrix Partners China collects $750m for sixth flagship fundraise

Venture capital house Matrix Partners China has hauled in at least $750m for its latest fundraise.

SS&C GlobeOp Hedge Fund Performance Index up 3.17% in May

Opalesque Industry Update - The gross return of the SS C GlobeOp Hedge Fund Performance Index for May 2020 measured 3.17%. Hedge fund flows as measured by the SS C GlobeOp Capital Movement Index advanced

Francisco Partners to acquire Consignor – report

According to reports, US-based GP Francisco Partners has signed an agreement to buy Norwegian shipping software company Consignor from its founder.

Evoco holds €93m first close for third fund

Evoco Private Equity has held a first close on €93m for Evoco TSE III, following the firm's announcement of the fundraise in February 2020.

Shocking survey reveals strength of dejection felt by women in private equity

Not a single woman in private equity surveyed in the latest Investec GP Trends report plans to start their own buyout house on leaving their current firm - a shocking indictment of the wider malaise

Investments in renewables can help kick-start economies following Covid-19, says Glennmont

Peter Dickson, founding partner at Glennmont Partners. said he expects the deployment of renewable technologies to continue to grow globally, which he argues will play a key part in the financial recovery

Asabys, Alta Life lead funding round for Inbrain

Spanish venture capital houses Asabys Partners and Alta Life Sciences have led a funding round for Barcelona-based biotechnology startup Inbrain.

Kinnevik to sell 23.2% stake in Qliro to Rite Ventures

Swedish industry-focused investment company Kinnevik has agreed to sell 23.2% of its stake in e-commerce company Qliro Group to private equity firm Rite Ventures for SEK 195m (€18.5m).

Bain Capital said to trump CVC bid for stake in Italy’s top football league, could value it at €12bn

Bain Capital is reportedly attempting to trump CVC Capital's buyout of a stake in Italian top-flight football league, Serie A, which could value it at about €12bn.

Astanor leads series-A round for Hyris

Astanor Ventures has led a series-A funding round for biotechnology startup Hyris.

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