Goodbye old friend, good to not see you
The best relationships are ones entirely bereft of contact. The pandemic has made that possible.
Jardine Matheson raises $1.2bn from debut bond
Hong Kong conglomerate Jardine Matheson Holdings made its entrance to the dollar market with a dual tranche transaction on Tuesday, part of the group’s efforts to delist one of its units.
Jinmao builds $600m bond trade
Property company China Jinmao Holdings Group sold its second dollar bond of 2021 on Tuesday, raising $600m from a five year note.
China moves to reform onshore ratings industry
Five Chinese regulators have drafted new guidelines for domestic credit rating agencies, attempting to reform an industry which has received renewed criticism in recent months. Addison Gong reports.
Fix Price CFO advises companies to start IPO work early
Fix Price, the Russian discount retailer, became a public company at the beginning of March in a $1.9bn IPO on the London Stock Exchange. Its CFO Anton Makhnev sat down with GlobalCapital to discuss the deal.
Poland’s Play breathes life into CEE syndicated loan market
Play, the Polish mobile network operator, has raised a syndicated loan from European banks, according to sources, while total volumes from central and eastern Europe’s biggest economies have been low so far this year.
GV Gold postpones IPO after gold price falls
GV Gold, the Russian gold miner, has postponed its listing on the Moscow Stock Exchange as a difficult IPO market and falling prices in the precious metal force the company to rethink its plans.
Green Tea restaurant group plans Hong Kong IPO
Green Tea Group, a Chinese restaurant operator, is seeking approval to go public in Hong Kong.
Jiangsu Construction uses liability management to net $250m
Jiangsu Zhongnan Construction Group Co raised $250m from a new money and exchange offer on Monday.
KNOC fires up first dollar bond of 2021
Korea National Oil Corp’s (KNOC) quasi-sovereign credentials helped drive demand for its $700m bond on Monday, its first international debt transaction of the year.