citic pacific

Reform of China’s sprawling state-owned enterprises is generating lucrative assignments for bankers. However they must be in it for the long-haul as change will take time.

The company raises HK$39.5 billion ($5.1 billion) to help pay for the deal for Citic Ltd by selling shares to 15 strategic investors.

Hong Kong-listed Citic Pacific to buy Citic Ltd from its parent Citic Group for $36 billion, as China drives through reform of its state-owned enterprises.

Investor and issuer appetites remain robust as Citic Pacific, Sunac and Lifestyle tap the dollar bond market.

In another busy Monday, Citic Pacific prints $750 million and CapitaMall Trust raises $400 million -- both at the tight end of guidance.

Citic Pacific returns to the debt capital markets after a decade with a $750 million hybrid supported by private banks and a $500 million senior bond.

The Republic of the Philippines early yesterday morning priced a deftly executed $1.5 billion 15-year bond, getting its timing right.

Hilong, China's largest maker of drill pipes for the oil industry, is seeking $190 million from a Hong Kong IPO.

The Hong Kong airline pockets $333 million from the sale to Swire as the company's capital expenditure and loan repayments rise.