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Category: Software and Hi-Tech

Logan back in market for $300m

Chinese property developer Logan Group Co courted investors with a six year bond on Monday, raising $300m from a solid order book of $3.3bn.

Suzhou LGFV pays up for dollar outing

Suzhou SND Group Co, a Chinese local government financing vehicle (LGFV), got lukewarm support for its debut dollar bond on Monday, forcing it to offer a bit of premium to get its deal past the

SMC takes $350m from bond tap

Philippine company SMC Global Power Holdings Corp added $350m to its coffers from a bond tap on Monday, taking advantage of market stability to return to investors rapidly.

SMC takes $350m from bond tap

Philippine company SMC Global Power Holdings Corp added $350m to its coffers from a bond tap on Monday, taking advantage of market stability to return to investors rapidly.

Nine ways the finance sector can fight the coronavirus recession

As the UK officially enters recession for the first time since 2008, we ask top commentators: how much will this hurt and what should the City do to get through it?

Fundraising veteran Alan Pardee leaves Mercury Capital for Valor Equity

The co-founder and managing partner of the placement agent is set to join Valor Equity Partners as a managing director

China bond investors brace for more defaults

Yongcheng Coal and Electricity Group Co and Tsinghua Unigroup Co, which together have Rmb40bn ($6.1bn) of bonds outstanding in China’s domestic market, have told investors to expect more non-payments this month following a spate of

VPBank boosts loan to $170m

VPBank Finance Co, the consumer finance arm of Vietnam Prosperity Joint Stock Commercial Bank, has exercised the greenshoe option to increase the size of its loan to $170m.

VPBank boosts loan to $170m

VPBank Finance Co, the consumer finance arm of Vietnam Prosperity Joint Stock Commercial Bank, has exercised the greenshoe option to increase the size of its loan to $170m.

Xpeng charges up $2bn ADS follow-on

Chinese electric vehicle manufacturer Xpeng is selling a chunk of new American Depository Shares (ADS) to fund research and development and further expansion.

Xpeng charges up $2bn ADS follow-on

Chinese electric vehicle manufacturer Xpeng is selling a chunk of new American Depository Shares (ADS) to fund research and development and further expansion.

Perimeter raises rapid-fire $40m Series B, just months after Series A extension

Zero-trust secure network Perimeter 81 has closed its Series B on $40m, just a few months after a Series A extension.

Proptech startup Habito secures £35m in venture capital-backed Series C round

London-based PropTech Habito has bagged £35m in a Series C round led by Augmentum Fintech, SBI Group and mojo.capital.

KKR Upsizes and Prices Offering of Mandatory Convertible Preferred Stock

NEW YORK--(BUSINESS WIRE)-- KKR & Co. Inc. (“KKR”) (NYSE:KKR) today announced that it has priced an offering of $1.0 billion (20,000,000 shares) of its 6.00% Series C Mandatory Convertible Preferred Stock (the “mandatory convertible preferred

AMB :- European PE/VC deal volume drops to a five-year low in H1 2020

Laxman Pai, Opalesque Asia: European private equity and venture capital entry volume dropped to a five-year low in the first half of 2020 as managers turned away from deal-making to focus on their existing portfolios

Technical issue forces ECB to use €STR contingency

A technical issue around the data submission meant that the euro area short term rate (€STR) did not have enough data to be calculated in the usual way this morning, forcing the ECB to use

‘Corruption is incentive plus stupidity,’ says J Capital’s Anne Stevenson-Yang

Anne Stevenson-Yang is a director and co-founder of J Capital Research, a New York firm and short seller that specialises in Chinese companies, as well as international companies looking to grow their business in China.

Hedge funds continue strong run with Chinese hedge funds in the lead

Opalesque Industry Update - The Eurekahedge Hedge Fund Index was up 2.61%1 in July, bringing its year-to-date return to 1.73%, supported by the robust performance of underlying global equity markets as represented by the MSCI

Sonny’s Switches Sponsors

Genstar has acquired Sonny’s Enterprises, a manufacturer of car wash equipment and supplies, from Sentinel Capital Partners. Sonny’s is the largest manufacturer and distributor of conveyorized car wash equipment, parts and supplies in the world

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