Bajaj defies shaky market with $220m QIP

India’s Bajaj Finance scored a coup with its qualified institutional placement (QIP) that launched on June 4, raising Rp14bn ($219.84m) despite nervy market conditions and with a tight discount, even as one anchor investor offered to swallow the entire trade himself.... more

APAC Financial Markets • #BajajFinance, #Equities, #FollowOnRightsIssue, #India, #JMFinancial, #QIP, #QualifiedInstitutionalPlacement #Equities, #Issuance/Pipeline

Shenzhen Investment tops up coffers with $357m

Shenzhen Investment has raised HK$2.77bn ($357m) from a top-up placement of shares sold to investors at a hefty 9.6% discount. But the impact on the company in the aftermarket was pretty severe, with the stock sliding by an equally large 9.85%.... more

APAC Financial Markets • #Equities, #FollowOnRightsIssue, #ShenzhenInvestment, #TopUpPlacement #Equities, #Issuance/Pipeline

AirAsia X rights issue flies off the shelf

Malaysia’s AirAsia X, the long-haul unit of budget carrier AirAsia, has wrapped up its MR391.1m ($105.3m) three-for-four rights issue with flying colours, as shareholders signed up for far more stock than was available.... more

APAC Financial Markets • #AirAsia, #AirAsiaX, #Equities, #FollowOnRightsIssue, #Malaysia #Equities, #Issuance/Pipeline