True Corp is poised to complete Thailand’s second infrastructure trust IPO, even though anti-government protests on the streets in Bangkok have forced one equity deal out of the market.
Necessity is the mother of divestment for South Korea, it seems, as a forecast shortfall in tax revenue has prompted the government to push ahead with selldowns that had been delayed for several years.
Department store operator Takashimaya last week priced the largest Japanese convertible bond issue of the year, in a two-tranche ¥65bn (US$638m) deal that was also notable for including a rare seven-year convertible, the longest-dated offering since the financial crisis.
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