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Category: Software and Hi-Tech

Vesync, Sino-Ocean launch HK listings

Vesync, a home appliance retailer, kicked off the roadshow for its up to HK$1.55bn ($200.1m) IPO in Hong Kong on Monday, with the company's growth story during the pandemic expected to appeal to investors.

The week in review: China's November exports jump, CBIRC fines BOC for loss-making product, Ant, Greenland secure SG digital banking licence

In this round-up, China posts stronger-than-expected export data for November, the banking and insurance regulator fines Bank of China over ‘irregularities’ in a crude oil product, and an Ant Group unit and a Greenland-led consortium

Beijing Construction closes $350m oversubscribed loan

Beijing Construction Engineering Group has received strong response from the market for its second loan of the year. The $350m deal is expected to be signed before the end of December.

EBRD to turn half green, despite opposition from US

The European Bank for Reconstruction and Development’s board of directors has approved a proposal to accelerate its transition towards being a green bank, including devoting over 50% of its investments to the green economy by

LCH SA’s repo arm wins first supranational as EIB signs up

The European Investment Bank (EIB) has become the first supranational institution to join LCH’s French repo clearing service.

EBRD prints record Sofr deal

The European Bank for Reconstruction and Development ventured out to raise its largest ever bond linked to the secured overnight financing rate (Sofr) this week in what otherwise a thin week for issuance in dollars.

HarbourVest splits finance functions and hires Apollo executive as CFO

Rob MacGoey will take on the role of chief financial officer for HarbourVest’s management company and will work alongside current CFO Karin Lagerlund

Puma Energy pulls bond blaming market conditions

Singapore-incorporated global energy business Puma Energy has pulled a planned dollar bond that was set to refinance an existing loan, attributing it to a lack of conducive market conditions.

Puma Energy pulls bond, investors say credit story 'uncredible'

Singapore-incorporated global energy business Puma Energy has pulled a planned dollar bond that was set to refinance an existing loan. They attributed it to a lack of conducive market conditions, though investors say the issuer's

Sumitr enjoys solid outcome for first outing

Sumitomo Mitsui Trust Bank (Sumitr) mustered a reasonable order book for its debut contractual covered bond issued on Wednesday and was therefore able to meet its minimum size ambition at a fair spread.

Barclays executives labelled PE boss a ‘tart’ and ‘dolly bird’ during bank’s 2008 cash call

Jenkins also joked that he would give one of his colleagues 'a little bit of cocaine so he speaks a little bit quicker' for a meeting

Yunfeng nets $450m from Alibaba Health stake sale

Chinese private equity firm Yunfeng Capital trimmed its position in Alibaba Health Information Technology with an upsized block trade on Thursday, its second sale of the stock this year.

China’s Great Wall Motors sells auto ABS with international ratings

Tianjin Great Wall Binyin Automotive Finance, the funding arm of domestic carmaker Great Wall Motors, sealed its first internationally rated auto securitization deal on Thursday. The Rmb3.37bn ($481m) deal attracted decent demand from foreign investors.

KKR’s Vinhomes loan faces pushback from Taiwan

KKR and Credit Suisse are soft-sounding a loan that will support the private equity firm’s acquisition of a stake in Vinhomes Joint Stock Co. But several Taiwanese bankers said they would not commit to the

Olam mandates four for ¥25bn samurai loan

Olam International has made a quick return to the loan market, raising a ¥25bn ($232.6m) samurai facility.

Bohai Bank bags $1.78bn from Hong Kong IPO

China Bohai Bank has priced its Hong Kong listing just off the floor of the marketed range to raise HK$13.8bn ($1.78bn).

China policy round-up: Beijing cleared of second wave of Covid-19, US sanctions officials, Trump administration looks into TikTok ban

In this round-up, the latest cluster of Covid-19 in Beijing city comes to an end, the US imposes sanctions on four Chinese officials and Mainland-based social media apps are faced with more pressure.

PTT scores with super-tight 50 year deal

Thai oil and gas company PTT Public Co sold the first 50 year bond from an Asian corporation on Thursday, raising $700m from a tightly-priced deal.

China markets round-up: Credit Suisse plans full control of China JV, Sina chair proposes Nasdaq exit, former CSRC head calls for delisting reform

In this round-up, Credit Suisse is reportedly seeking a bigger share in its onshore securities joint venture, Weibo’s parent Sina Corp considers delisting from Nasdaq after two decades and the former head of China’s securities

Borromin’s ProFagus completes refinancing

Beech charcoal and natural additives producer ProFagus, a portfolio company of Borromin Capital, has completed a refinancing with a debt package from H&A Global Investment Management.

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