Credit Rating

Sun Life buys CMG Asia in $3.5b deal

Canadian firm's purchase marks biggest takeover in HK life insurance sector

Thursday, 7 July, 2005, 12:00am

Global reach makes CNOOC's Unocal bid look sharp

In offering to buy United States oil company Unocal Corp for US$67 per share, CNOOC has shown it is prepared to pay elevated prices for international oil and gas reserves.

24 Jun 2005 - 12:00am

Business digest

property revaluation helps CRE double profit

Gains in property revaluation and strong growth in retail operations more than doubled the net profit of red-chip conglomerate China Resources Enterprise to $660.08 million in the first three months of this year from $319.91 million a year ago.

1 Jun 2005 - 12:00am

In brief

Profit increases 183pc at sinopec shanghai

24 Mar 2005 - 12:00am

CLP seals purchase of $13b energy assets in Australia

Utility believes the deal should lead to additional downstream power projects

CLP Holdings has sealed the purchase of energy assets in Australia in an A$2.12 billion ($13.17 billion) deal that paves the way for further moves into the country's downstream electricity market.

10 Mar 2005 - 12:00am

High-yield debt issues unlikely to come cheap

The two latest high-yield bond issues with links to the mainland are drawing strong demand from investors eager to capture supreme returns, suggesting they will not come cheap, fund managers say.

9 Mar 2005 - 12:00am

CLP plans invite close credit scrutiny

Major agencies threaten to lower the power utility's rating if it proceeds with a substantial investment package in Australia

Electricity supplier CLP Holdings' imminent business transformation in Australia has triggered scrutiny for a possible downgrade of its credit ratings.

5 Mar 2005 - 12:00am

Noble taps markets with US$500m issue

The Noble Group has joined the recent spate of high-yield Asian issuers trying to tap the international bond market before interest rates rise too much.

3 Mar 2005 - 12:00am

Titan prepares US$400m issue

Titan Petrochemicals Group is planning to raise US$400 million through a high-yield bond issue to help fund the acquisition of more ships as well as investment in oil storage facilities in China.

2 Mar 2005 - 12:00am

China Merchants raises offer

China Merchants Holdings (International) has raised its first international bond offering to US$500 million amid strong demand from investors.

The state-backed port operator had planned to raise US$350 million in a 10-year fixed-rate bond but the issue had attracted funds of US$1.9 billion, market sources said.

26 Feb 2005 - 12:00am

SHKP secures $12.6b debt deal

Sun Hung Kai Properties (SHKP) has signed a $12.6 billion, five-year syndicated loan with a consortium of 21 local and international banks.

The biggest single loan the company has ever arranged was increased from $5 billion because of strong response from lenders.

19 Feb 2005 - 12:00am

Port firm eyes up to US$300m debt issue

State-backed mainland port operator China Merchants Holdings (International) plans to raise US$250 million to US$300 million through its first international bond issue, according to market sources.

17 Feb 2005 - 12:00am

StanChart digs in amid KFB debate

Some analysts fear the $25.7b purchase price may haunt the bank for years

Opinions appear to be divided over Standard Chartered Bank's $25.74 billion takeover of Korea First Bank (KFB) of South Korea.

13 Jan 2005 - 12:00am

Dah Sing completes US$300m bond sale

Dah Sing Bank has completed the sale of a US$300 million dual-tranche bond, pricing it within earlier indicated ranges, according to a statement issued by sole book-runner HSBC.

20 Nov 2004 - 12:00am

Negative equity mortgages for sale

The securitised issue on home loans by Pan Asian is a world's first for HK

A securitised package of negative equity home loans went on sale to investors this week in a world first for Hong Kong, according to the issuer of the residential mortgage-backed notes, Pan Asian Mortgage.

11 Nov 2004 - 12:00am