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Shandong Iron navigates weakening market for $500m
Shandong Iron & Steel Group Co was forced to pay 50bp more than it expected for a new $500m three year bond on Thursday, despite trying to appeal to investors with a positive spin on its future fundraising plans.
30 Oct 2020 -
SDIC snags $300m from bond
China’s State Development and Investment Corp (SDIC) nabbed $300m in the bond market on Thursday.
30 Oct 2020 -
Zhongyuan Yuzi pulls deal as Chinese LGFVs face tricky funding environment
Two Chinese local government financing vehicles (LGFVs) hit speed bumps in the dollar bond market this week amid rising volatility, as investors pushed back on the issuers’ attempts to get away with aggressive pricing. While one of the borrowers sealed its deal despite tepid demand, another was forced to scrap its transaction. Morgan Davis reports.
29 Oct 2020 -
Chinese issuers dominate dollar bond market
A large number of issuers from Asia, the majority Chinese, tapped bond investors on Wednesday for fresh funds.
29 Oct 2020 -
Gansu LGFV sees poor investor turnout for bond
Gansu Provincial Highway Aviation Tourism Investment Group Co found lacklustre support for its $300m bond on Tuesday after its pricing strategy deterred investors from joining the deal.
28 Oct 2020 -
JP Morgan appoints new Apac ECM head
JP Morgan has rejigged the leadership of its Asia Pacific capital markets businesses, promoting Francesco Lavatelli to the helm of the ECM team.
28 Oct 2020 -
China issuers sneak into closing bond window
A host of Chinese issuers found one of the last windows to sell bonds on Thursday ahead of the US presidential elections at the beginning of November and a public holiday in Hong Kong early next week.
23 Oct 2020 -
Meituan makes ‘stunning’ debut with $2bn bond
Meituan, a Chinese e-commerce platform and food delivery company, sold its first dollar bond on Wednesday, netting $2bn on the back of an order book that reached $16bn at its peak.
22 Oct 2020 -
Asian bond issuers set frenetic pace
Asia’s dollar bond market has seen a big bump up in volumes this month, as issuers rush to get ahead of the US presidential elections and take advantage of still supportive markets. DCM bankers are expecting a much quieter year end — but they admit anything can happen. Morgan Davis reports.
22 Oct 2020 -
ReNew Power uses tried and tested structure for $325m outing
ReNew Power, the Indian renewable energy giant, brought a $325m green bond to the market on Tuesday. It offered investors a rare opportunity to buy a high yielding deal from the country, despite using a fairly unusual structure for its transaction.
21 Oct 2020
