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