oil

With the oil sector poised for a recovery, Thai Oil priced a benchmark bond inside its own curve, even as markets crumbled during bookbuilding.

While billion-dollar ECM deals are on the decline globally, domestic Thai corporates are stoking demand with spin-offs of well-known, profitable subsidiaries.

Asia’s oil and gas companies have suffered defaults, delayed results and stock price plunges. But their problems are only just beginning.

Hernan Cristerna, global co-head of M&A for the US bank, told FinanceAsia that Chinese buyers are likely to buy assets at a time of low valuations.

The partially upsized block trade in the Taiwan refiner was more than half-covered at launch and priced at a 5% discount.

The Chinese oilfield services provider becomes the first Hong Kong-listed company to raise new equity this year.

What to expect in financial markets: 14 ideas for 2014.

Russia's VTB and China National Petroleum are set to sign an agreement that will forge closer business ties between the bank and China's major oil company, and will strengthen trading links between the two countries.

The engineering and utility company sets the price at the top of the range and allocates the majority of the institutional tranche to domestic investors.