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Category: Software and Hi-Tech

Wistron returns with tightly priced loan

Taiwan’s technology service company Wistron Corp has returned to the loan market for a $300m facility.

China puts reformed QFII rules in motion

China’s latest measures to reform its longstanding outbound investment schemes, Qualified Foreign Institutional Investor (QFII) and its renminbi-equivalent RQFII, kicked into effect on November 1.

HKEX allows secondary listings by corporate WVR issuers

Hong Kong’s stock exchange operator is planning to encourage more secondary listings in the city by extending a 2018 rule change that first made these deals possible.

IDBI gets nod for Rp60bn QIP

IDBI Bank has got the greenlight from its board of directors to raise up to Rp60bn ($807.3m) in fresh equity.

Sunkwan Properties targets HK$1.3bn listing

Chinese developer Sunkwan Properties has kicked off its IPO roadshow. It is aiming to raise up to HK$1.25bn ($161.2m).

The week in review: China recovery on track, profit slump at banks eases, HK goes to WTO for ‘made in China’ dispute

In this round-up, the Purchasing Managers’ Index reading for October points to steady recovery momentum for the Chinese economy, profitability improves at the country’s largest state-owned lenders, and Hong Kong seeks help from the World

Sovereigns and sustainability: a natural fit

Luxembourg became the first European sovereign to publish a sustainability bond framework this week, breaking the pattern, to which Germany became a notable addition on Wednesday, of governments printing green deals. But sustainability bonds make

Greece snags €2.5bn with 10 year tap

The Hellenic Republic returned to the market this week to tap a June 2030 line, raising €2.5bn with its third syndication of the year.

Luxembourg plans first European sovereign sustainable bond

The Grand Duchy of Luxembourg has become the first European country to publish a sustainability bond framework and has mandated banks to prepare a debut deal in the format.

Investors back Germany’s ‘twin bond’ green innovation

Germany received overwhelming support for its debut green bond on Wednesday, which was sold via syndication and twinned with a conventional Bund of the same maturity and coupon in what it is a brand new

Petron seeks consent for loan amendment

Philippine oil refining and marketing company Petron is seeking lenders’ consent to make amendments to two of its old borrowings, following an initial warning in July.

K-pop manager Big Hit Entertainment readies IPO

South Korea’s Bit Hit Entertainment, the manager of K-pop boy band BTS, is set to launch an IPO worth up to W962.6bn ($811.7m) later this month.

ICBC nets $1.8bn from dual-tranche return

Industrial and Commercial Bank of China used its Singapore arm to raise more than planned from a dual-tranche bond on Tuesday, taking a total of $1.8bn after tightening pricing by 40bp on both portions.

DBS gets CSRC nod for China securities JV

Singapore’s DBS has become the latest foreign bank to receive approval for a majority-owned securities joint venture (JV) in China, as the country continues to open up its financial markets.

WuXi Biologics block fetches HK$6.1bn

WuXi Biologics Holdings has raised HK$6.1bn ($787.5m) after selling a block of shares in WuXi Biologics (Cayman), the fourth time it has trimmed its position in the company this year.

HSBC places three teams under new hire Laubjerg

HSBC has hired Jan Laubjerg for a new position as global head of natural resources.

Mercedes-Benz readies second auto ABS this year

Mercedes-Benz Auto Finance is planning to sell a Rmb6.26bn ($917m) dual tranche auto securitization transaction next week after a six-month break from the onshore market. The issuer has doubled the length of the revolving period

Fujian Yango offers 12.2% yield for bond

Fujian Yango Group Co enticed investors with a yield of more than 12% for its new $200m bond on Tuesday.

AIIB names its first chief economist

The Asian Infrastructure Investment Bank (AIIB) has appointed a chief economist for the first time, picking Erik Berglof to head its economics department.

Ant poses regulation dilemma to China

Bankers in China have raised concerns around regulating Ant Group, which is gearing up for a mammoth dual listing in Hong Kong and the Star board. Although the Alibaba Group Holding-backed firm calls itself a

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