China Development Bank's five billion yuan bond sale, the first debt issue in the mainland currency to be held in Hong Kong, was oversubscribed when it became available to institutional investors yesterday, a source said.Friday, 6 July, 2007, 12:00am
Target of $958m well short of original figure but should have impact on debt
Kasen International Holdings plans to use half the funds it raises in its initial public share offering to repay bank loans, according to a company statement issued yesterday.6 Oct 2005 - 12:00am
The retail tranche of AAC Acoustic Technologies' initial public offering has been fully covered despite modest investor response to recent new offerings, sources said.
But compared with the retail side, the mobile handset speaker maker's flotation appeared more enticing to institutional investors, with the institutional tranche at least two to three times covered, sources said.3 Aug 2005 - 12:00am
Listing hopefuls continued to struggle yesterday, with Guangzhou developer R&F Properties' retail tranche receiving a lukewarm response and Global Flex Holding delaying its investor presentation.
R&F Properties is hoping to tap the market for up to $2.21 billion, with 10 per cent of shares reserved for retail investors.5 Jul 2005 - 12:00am
Allocation is in line with aims to develop stronger presence for ordinary investors
Size indications for the Hong Kong government's first bond issue in a decade suggest that about 25 per cent of the HK$20 billion issue's tranches have been earmarked for retail investors.16 Jul 2004 - 12:00am
Toll-backed issue attracts strong institutional demand
Order-taking for the institutional part of the Hong Kong government's first securitised bond issue was completed yesterday - two days earlier than planned - and the pricing on the longest tranche was tightened compared with earlier indications, according to market sources.28 Apr 2004 - 12:00am
Rhine Holdings said minor shareholder Fu Tat Investments had failed to make a $4.4 million payment on the 11 million-share fourth tranche of a placement exercise due on April 30. Rhine said after due consideration and legal advice, it had decided to extend the date of the payment until July 31.6 May 1998 - 12:00am
Singapore Telecommunications shares came under pressure yesterday, but analysts said there should be support for what has become a core holding for some fund managers. The selling came as trading began of the latest tranche of shares sold by the government to Singaporeans.18 Sep 1996 - 12:00am
PROPERTY developer, hotelier and infrastructure company Tanayong Public Co has launched its first baht Asian bond.
The 3.2 billion baht (about HK$960 million) three-year bond will help fund its investment in Bangkok's proposed elevated railway system.
The investment will be made through Tanayong's 100 per cent-owned BTSC, the concession-holder for the project.11 Jan 1996 - 12:00am
A STRONG Asian appetite for blue-chip German debt prompted Bayerische Landesbank to boost last week's 'targeted Euro' issue to US$500 million from $300 million, Lehman Brothers says.2 Dec 1994 - 12:00am
THE Chinese Government faces the prospect of having to take stern measures to meet its targets for bond sales or face a possible financing gap later in the year.
This follows another flop in the sale of government treasury bonds.2 Mar 1994 - 12:00am
AUDIO product maker Alco Holdings is to issue $120 million worth of convertible notes to New York-based Blackstone Capital Partners Asia, a US$800 million investment fund.10 Sep 1993 - 12:00am
CHINA's Securities Regulatory Commission still sees Hongkong as the testing ground for the direct listing of state-owned enterprises, despite the less-than-impressive market reception for the Shanghai Petrochemical issue.27 Jul 1993 - 12:00am