ESR Completes ARA Asset Management Takeover
ESR Cayman completed its 100% acquisition of ARA Asset Management for $5.2bn, less than three months after its shareholders approved the deal. Following the acquisition, ESR is now the world’s third-largest listed real estate investment manager with gross AUM of...
Korea’s Naver Plans Dollar Bonds & IPO
South Korea’s Naver Corporation, which runs an online search engine, plans to go global, looking at issuing more dollar denominated debt and a possible IPO listing in the US. Naver had issued its debut dollar bond of $500mn just last month and is now considering...
CCB Leasing, Yunnan Const., Doosan Infracore Launch $ Bonds; Tata Steel Outlook Negative; SB Energy Cancels Bond on Tepid Demand
Asian markets are opening with a risk-off tone after a late sell-off in Wall Street triggered when California reversed its policy for reopening the economy. Increasing tensions between the US and China over the South China Sea also weighed on sentiment. Major indices...
Socgen & Weibo Launch $ Bonds; Takeda Raises $11bn via Jumbo Bond Sale
Wall Street rallied overnight despite no positive news except for US pending home sales, which rose by 44.3% month on month. Concerns over the virus still remain, but it looks like the bears in the market are still at bay. The Fed launched its Primary Market Corporate...
