SPi in talks for new loan, plans dividend recap
Philippine company SPi Global, an outsourcing services provider, is understood to be seeking a $300m to $400m loan, some of which will go towards funding a dividend recapitalisation.
Philippine company SPi Global, an outsourcing services provider, is understood to be seeking a $300m to $400m loan, some of which will go towards funding a dividend recapitalisation.
Kaisa Group Holdings, a Chinese real estate developer, is planning to tap shareholders for a HK$2.73bn ($351.1m) rights issue.
The financial markets’ stance on climate change has taken a stride forward as 43 asset managers with $23tr of assets including some of the biggest such as BlackRock and Vanguard have joined the Net Zero Asset Managers’ Initiative. A critical mass of investors is now committed to reducing carbon emissions in their portfolios to zero,…
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In this round-up, China’s State Council assigns tasks to different regulatory bodies to implement the government’s goals for this year, the central bank confirms its policy stance of ‘no sharp turns’, and Haitong Securities is punished for allegedly failing to control risks.
Magnum Opus Acquisition, a special purpose acquisition company (Spac), has raised $200m from a New York Stock Exchange IPO.
Power Construction Corp of China priced its $500m bond 20bp inside of fair value this week, taking advantage of the rarity value of perpetual notes from the country’s state-owned companies.
Shriram Transport Finance Co caught an opportune time to print a $225m tap of a bond on Thursday, with the response to its deal reflecting investor preference for strong Indian credits.
Casino operator MGM China Holdings added more liquidity to its balance sheet this week with a $750m bond outing.
Chinese firm Linklogis has thrown open the book for its Hong Kong IPO, aiming to pocket up to HK$8.28bn ($1.06bn).
Bonds issued by the Province of Buenos Aires enjoyed a rally this week as some investors sensed a restructuring agreement is closer, even as a group of bondholders finally lost patience and sued Argentina’s largest province in New York’s courts.