Activity may pick up in the weeks ahead with the launch of a $665 million ADR issue for AU Optronics on Friday. Goldman is also running the books on this deal and pricing is likely to take place some time this week.
More transactions are due to hit the market in the near future including a $1.3 to $1.5 billion IPO for China Shipping Container Lines led by BNP Paribas Peregrine and Morgan Stanley. This was originally due to price on June 4, but has been delayed by at least a week as the leads seek additional feedback.
Additionally, there are a number of deals stacked up waiting for listing hearing approval from the Hong Kong stock exchange including Ping An Insurance, GT Tyres and Mongolian Milk.
Debt Capital Markets
No international G3 deals were printed this week and the immediate pipeline is relatively bare as the market absorbs the impact of weakened secondary market spreads.
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