Software and Hi-Tech
Zhaoheng misses payment on 2017 loan

Zhaoheng misses payment on 2017 loan

Shenzhen Zhaoheng Hydropower has missed a payment on a 2017 dollar loan. It had extended the maturity on that deal earlier this year.

IPO
RemeGen nets $515m from Hong Kong IPO

RemeGen nets $515m from Hong Kong IPO

Chinese biopharmaceutical firm RemeGen has raised HK$3.99bn ($514.7m) after pricing its IPO at the top of the marketed range, according to a source familiar with the matter.

IPO
China pulls plug on Ant Group IPO

China pulls plug on Ant Group IPO

The Shanghai bourse stunned the market on Tuesday after halting Ant Group’s $34bn IPO, a deal which was set to be the largest listing in history. The extraordinary move, likely spurred by comments from Ant’s

Politics
Fujian Yango serves up 12% bond yield

Fujian Yango serves up 12% bond yield

Fujian Yango Group Co returned with another high yielding bond on Tuesday, making it the only Asian issuer to brave the primary dollar debt market ahead of the US election.

Appointments
CS appoints Philippines country head

CS appoints Philippines country head

Credit Suisse has named Mark Uy as its country manager for the Philippines, effective December 1.

Oil and Energy
COVID-19 ushers in biggest challenge for hedge funds since 2008 financial crisis

COVID-19 ushers in biggest challenge for hedge funds since 2008 financial crisis

Opalesque Industry Update - Global hedge funds lost an average of -7.25% in March 2020, according to the latest eVestment hedge fund performance data, following weeks of financial markets, economic and human turmoil created by

Angel / Venture
Fintech investor Index Ventures secures $2bn in new funds

Fintech investor Index Ventures secures $2bn in new funds

The company has invested in a number of well-known fintechs, including Revolut and Robinhood

Fintech and Finance
It’s time to mobilise development banks to fight Covid-19

It’s time to mobilise development banks to fight Covid-19

Both developed and developing countries urgently need large-scale counter-cyclical funding to help maintain economic activity

Property
Modernland misses bond payment

Modernland misses bond payment

Indonesian property developer Modernland Realty missed a coupon payment on its dollar bond this week, triggering a further downgrade in its rating.

Property
CK Asset prices tight fixed-for-life bond

CK Asset prices tight fixed-for-life bond

Hong Kong property developer CK Asset Holdings priced its $300m bond at a record tight level for a fixed-for-life deal on Thursday.

Politics
Zhenro finds price advantage with debut green bond

Zhenro finds price advantage with debut green bond

Investors rewarded Zhenro Properties Group for selling its first green bond this week, pumping orders into the $350m transaction and allowing the issuer to price the deal at its lowest coupon ever.

Software and Hi-Tech
BoCom mixes fixed, FRN for $1.15bn

BoCom mixes fixed, FRN for $1.15bn

Bank of Communications used its Hong Kong arm for a tightly priced dual-tranche deal on Thursday, bringing back floating rate and fixed rate combo bonds for Chinese financial credits.

Software and Hi-Tech
First Pacific tackles twin challenges for rare $350m outing

First Pacific tackles twin challenges for rare $350m outing

Hong Kong-based conglomerate First Pacific Co had to navigate underperforming bonds from peers and difficulties around price discovery for its $350m bond return.

Software and Hi-Tech
Yum China guides investors to $2.2bn listing

Yum China guides investors to $2.2bn listing

Yum China, the Mainland-based fast food franchise operator, was eyeing at least HK$17.3bn ($2.2bn) in fresh equity on Friday after giving investors some price guidance for its secondary listing in Hong Kong.

Fintech and Finance
SMI builds bigger loan of $700m

SMI builds bigger loan of $700m

Indonesian company Sarana Multi Infrastruktur (SMI) has increased the size of its loan to $700m after seeing strong traction from banks during syndication.

India
Mercuria makes annual loan return, offers Covid premium

Mercuria makes annual loan return, offers Covid premium

Singaporean commodities company Mercuria has returned to the offshore loan market for its annual foray.

Fundraising
Frasers Centrepoint plans $1bn equity fundraising

Frasers Centrepoint plans $1bn equity fundraising

Singapore-listed Frasers Centrepoint Trust is looking to raise S$1.39bn ($1.02bn) by selling new units equal to over half its existing stock.

Downsizing
China markets round-up: CS to double onshore headcount, PBoC plans benchmark rate transition, GSX reveals SEC scrutiny

China markets round-up: CS to double onshore headcount, PBoC plans benchmark rate transition, GSX reveals SEC scrutiny

In this round-up, Credit Suisse plans to increase its workforce in mainland China by 100% in five years, the central bank develops a new benchmark interest rate, and yet another US-listed Chinese firm comes under

Australia
Senior ANZ loans banker Roberts to retire

Senior ANZ loans banker Roberts to retire

Carl Roberts, head of loan syndication for south and southeast Asia at ANZ, is retiring after nine years with the Australian bank.

Oil and Energy
Investment bank Centerview hires former Lazard rainmaker Pigasse

Investment bank Centerview hires former Lazard rainmaker Pigasse

Matthieu Pigasse's new role appears to mark a change of direction since leaving Lazard last October

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