Hanjin International’s inaugural dollar floating rate note prices 20bp tighter than closest comparables as investors prep for a rising rate environment.
The Korean container and bulk shipping company takes advantage of a rebound in its share price to raise capital, but triggers a 7.3% sell-off in its stock.
The controlling shareholder of Indonesian coal company Indika sells $212 million of shares while, in Malaysia, Khazanah raises $128 million by reducing its stake in Malaysia Airports.
The container shipping and logistics company fixes the price at the bottom of the range to raise $400 million amid a heavy month for new Hong Kong listings.
Faced with a rapidly rising loan-to-valuation ratio, Rickmers Maritime CFO Quah Ban Huat increased cash by nearly 1,000% until he could renegotiate the terms of the company’s loans.