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06 November 2017
The world's largest bank has issued the world's biggest euro-denominated green bond
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06 November 2017
The PRC’s latest sovereign deal sets the tone for corporates to sell cheaper offshore debt
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26 May 2017
The PRC lender's landmark issuance of debt-like preference shares had to be approved by multiple regulators before listing
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18 May 2017
IRB InvIT's $782 million offering was the first to test Sebi's guidelines surrounding the classification of a trust
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15 July 2015
China Life has sold the first bonds under C-ROSS, the country’s version of Solvency II. Its structure could set a precedent for PRC hybrid instruments
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02 July 2015
Bank of China’s bond has been denominated in four currencies, divided into ten tranches and issued out of five branches. It highlighted the benefits of coordination
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23 July 2014
Following the signing of a currency swap deal with China, the success of Switzerland's plans to be an offshore RMB hub now rests with the Asian powerhouse
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09 July 2014
Real estate developer Greenland Hong Kong has sold the first bond under Safe’s new onshore guarantee regulations. More deals are expected to follow
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02 April 2014
Daimler became the first foreign corporate to sell Chinese onshore bonds last month. But unfavourable pricing will limit future deals
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13 November 2013
China CITIC Bank International issued a USD-denominated Basel III-compliant tier 2 bond on October 31. It represented the first tier 2 issuance in Asia with a partial write-down feature.
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13 November 2013
Chinese technology IPOs have made a successful return to the US markets. But it seems that investors have forgotten about their risky variable interest entity structures
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06 November 2013
The solar panel producer reveals shortcomings in China's insolvency regime and reminds investors to adequately price default risk into ChinaCo bonds
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03 October 2013
China ZhengTong Auto last month became the first Chinese private sector issuer to offer a bond backed by a standby letter of credit. Here's how it has opened the market for private sector ChinaCos
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03 October 2013
Qihoo 360’s convertible bond was not only the first this year but also the largest ever such offering from a US-listed Chinaco. Here’s why it could inspire copycat deals
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27 August 2013
IFLR’s coverage of regulatory changes to US, EU and Asia-Pacific bank capital structures features in-depth analysis and expert opinion on the global implementation of Basel III, as well as the latest structural innovations across the capital spectrum
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07 August 2013
New Century Reit’s IPO is the first in Hong Kong since the 2011 listing of Hua Xian Reit
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24 July 2013
This private placement is thought to be the first asset-backed securitisation in the dim sum market. But perhaps mores significantly, it also introduces the concept of tranching
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18 July 2013
Feihe International’s recent take-private was the first to include a placeholder loan, and is an example for the growing number of small US-listed ChinaCos going private
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04 July 2013
Focus Media was the biggest US-listed ChinaCo take-private and the biggest China LBO. Its heavily-negotiated documents will set a template for smaller take-privates
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11 June 2013
Chinese bond offerings are increasingly incorporating credit enhancement structures to enable deals to go to market faster. But investors fear such deals do not offer adequate compensation for the additional risks involved
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06 June 2013
AsiaInfo-Linkage’s delisting from Nasdaq is a rare example of a Delaware-incorporated ChinaCo take-private. It also signals the Asia-Pacific’s deepening acquisition finance market
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16 May 2013
Asset managers are growing concerned about the proportion of unrated bonds in the offshore RMB bond market as well as new credit enhancement structures. Here's why
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10 April 2013
China Minmetals has issued the largest single-tranche offshore renminbi bond among state-approved issuers. Here’s how these issuances have evolved
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24 October 2012
Softbank’s $20.1 billion investment in Sprint Nextel is the largest US inbound acquisition by a Japanese company. And it allowed the target to remain a public company
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26 April 2012
We examine HSBC's issuance of the first renminbi bond outside of Chinese territories
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21 March 2012
IFC's subscription to a warrant issuance by C&G Environmental Protection Holding will boost its involvement in China's renewable energy sector. But the use of warrants was not the IFC’s preferred option.
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28 September 2011
Air Liquide, a technology company, has become the first French issuer of renminbi denominated bonds
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23 May 2011
Beijing real-estate developer tests appetite under China’s challenging credit environment, with a first-of-its-kind perpetual bond
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06 May 2011
The covenants of a high yield bond used in Asia’s first bond-financed LBO have combined Chinese and European practices to give bond holders deeper layers of protection
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08 April 2011
Unilever's renminbi-denominated note has highlighted the sensitivity over prioritisations given by the People’s Bank of China regarding remittance approval
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31 March 2011
A successful renminbi bond issue by Russia's VTB Bank has shown that even emerging market issuers can sell Chinese currency bonds relatively easily
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10 February 2011
China SCE Property’s high yield issue has carved-out permanent offshore non-guarantor subsidiaries but included incurrence baskets slated for the same subsidiaries
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27 January 2011
The need to accommodate JV structures and limit debt at subsidiary level in Chinese high yield has led to a fast development of covenant packages
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08 November 2010
Lawyers working on Asia’s first switch capital deal have downplayed investors’ concern that the offshore US dollar bond’s regulatory switch feature will create uncertainties in their portfolios
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07 September 2010
A PRC company’s privatisation and simultaneous Hong Kong listing by introduction could pave the way for more Chinese companies to do the same
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13 July 2010
Rules allowing companies to pay renminbi dividends to foreign investors have paved the way for a new bond structure in China
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16 April 2010
China Merchants Bank has become the first Chinese company to do a rights issue to US investors. Its lawyers explain how
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01 February 2010
Morgan Stanley and China Haisheng Juice's out of court settlement could embolden Chinese companies to cease derivatives payments in the future, aware of international banks' fear of court battles
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01 February 2010
How Schramm Holding became the first German company to list on the Hong Kong Stock Exchange
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01 December 2009
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31 Aug 2010
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20 Aug 2010
Hopewell’s lawyers explain the significance of the first renminbi-denominated eurobond issued by a foreign corporate outside China
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02 Aug 2010
Listing applicants are demanding commitment letters from their Hong Kong sponsors, potentially compromising the due diligence done on IPOs
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02 Aug 2010
Hong Kong has criticised inadequate standards of diligence and disclosure on initial public offerings. But some argue the regulator must go further
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01 May 2011
By Oliver Dörfler and Maximilian Gröning, KPMG Germany
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01 April 2008
New system creates uncertainty for investors say Alan Wang and Jeanie Kim of Freshfields