Malaysia’s AirAsia taps Barclays, CIMB & RHB Capital for dollar funding programme

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Malaysia’s AirAsia Bhd has hired lenders Barclays PLC, CIMB Group Holdings Bhd and RHB Capital Bhd to arrange financing through a U.S. dollar medium-term note programme, IFR reported on Tuesday. The report comes as Asia’s biggest budget carrier earlier this month said major shareholders were evaluating “all strategic options” after… Read more »

Singapore Exchange to launch trading platform for corporate bonds in Q1

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Singapore Exchange Ltd (SGX) is looking to launch a corporate bond trading platform in the first quarter of 2016 as it seeks to expand its product suite in an effort to boost revenue, its CEO said. SGX is seeing a business opportunity in offering a platform for fixed income as… Read more »


Indian state-owned firms absent from market action due to tardy pace of divestment

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The equity capital markets have been buzzing with activity this financial year. While Rs.9,443 crore has been raised through initial public offerings (IPOs) and there is a long queue of companies waiting to hit the market, another Rs.12,836 crore has been raised through qualified institutional placements, according to data from… Read more »


India: September quarter better but it fails to cheer Coffee Day scrip that plunged 17% since listing

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The share price of Coffee Day Enterprises Ltd has fallen 18% since listing. Concerns over its corporate structure (a holding company with varied and unrelated business interests such as coffee, real estate, logistics and financial services) and financial health (loss-making history and high debt) have ensured the stock stays subdued…. Read more »


Thai e-commerce site MShopping parent AME Tech to launch IPO

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AME Technology PCL, a developer and operator of MShopping e-commerce site, has submitted the first filing to the Office of Securities and Exchange Commission to issue 60 million shares, equivalent to 23.08 per cent of its registered and paid-up capital, through an initial public offering in the first quarter of 2016. The… Read more »


Israeli tech incubator Trendlines’ IPO on Singapore’s Catalist board targets $17.56m in gross proceeds

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Israeli business incubator Trendlines Group, specialising in medical and agricultural technology ventures, on Monday launched its initial public offer IPO) on the Catalist board, with 75.8 million shares at S$0.33 cents each, expecting to garner S$25 million ($17.56 million) in gross proceeds. The offer price is pegged at 1.4 times the price-to-book ratio of… Read more »


Ex-Temasek portfolio firm Stats ChipPac to refinance $400m debt facility via bonds

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Stats ChipPac, Southeast Asia’s largest semiconductor assembler, is seeking to refinance $400 million of debt in the first test of its credit strength without the support of Temasek Holdings, following the exit of Singapore’s state fund from the firm. Bloomberg reported that the chip packaging and testing company intends to raise funds from the… Read more »


World’s ten largest investment banks’ revenue is on course to decline

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Revenue at the world’s 10 largest investment banks is on course to decline again in 2015 by two percent to $148 billion compared to a year ago, although a strong showing in equities will limit the fall, a survey on Tuesday showed. It follows a weak third quarter, when revenue slipped… Read more »


CITIC Capital to list subsidiary on Beijing’s New Third Board

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China’s CITIC Capital Holdings, a private equity firm, plans to list a subsidiary on the country’s most active over-the-counter (OTC) equity exchange, the company said Monday. The company, which has $5 billion in assets under management, said it will list subsidiary CITIC Capital Equity Investment (Tianjin) Corp Ltd on Beijing’s… Read more »


India: Fragrances maker SH Kelkar shares surges 23.33% on listing debut

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Shares of fragrance and flavours manufacturer SH Kelkar and Co. Ltd on Monday opened 23.33% above the issue price of Rs.180, following a successful initial public offering (IPO) which witnessed a subscription of 27 times. At 10.04am, SH Kelkar was trading at Rs.220 on BSE, up 22.22%. It touched a… Read more »