Foxconn Industrial Internet last week nudged China’s IPO market a step closer to market-based pricing with a new approach to its landmark Rmb27.12bn (US$4.25bn) Shanghai listing.
The new Malaysian government has agreed to honour the obligations of scandal-hit state investment vehicle 1Malaysia Development.
After months of inertia, Asia’s largest-ever leveraged buyout is closer to becoming a reality following approval of the ¥2trn (US$18bn) private equity buyout of Toshiba’s chip unit.
Russia is preparing to rewire parts of its financial system to prevent the latest round of US sanctions, which were ratcheted up last month to target 24 people close to the Kremlin, from wreaking further damage on its banks and wider economy.
Europe’s credit markets were wobbling again last week, as a combination of oversupply and fears about Italy’s political direction undermined investor conviction.
Chinese web portal and social medial firm Sina is planning a secondary listing in Hong Kong, in what would be one of the first floats to take advantage of the city’s new rules designed to attract tech equity offerings.
The way in which lead banks put orders into Middle East bond deals is coming under the spotlight, with some bankers arguing the practice is misleading investors as it is not clear how real those orders are.
Water treatment company Hyflux sought protection from its creditors last week, setting the stage for Singapore’s first debt restructuring involving retail bondholders.
The Republic of Indonesia priced a ¥100bn (US$911m) multi-tranche Samurai bond issue last week, highlighting the Japanese debt market’s value as a stable funding source amid emerging market jitters.