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Opinion: why Asia is abuzz over AIA sale

March 03, 2010  

From Richard Morrow

UK life assurer Prudential plans to raise US$21 billion in a rights offering to help it to buy Hong Kong-based AIA. Whether the deal goes through or not, it is set to have widespread ramifications for Asia’s insurance sector.

The revelation that the UK’s life assurer Prudential was on the verge of buying Hong Kong-based AIA caused a flurry of anticipation in Asia.

And on March 1, Prudential confirmed that it would buy AIA’s entire issued capital for...


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OFFSHORE RENMINBI DCM

Rank Bookrunner Value ($m) No. %Share
1 HSBC 2,717 31 19.6
2 Standard Chartered Bank 1,889 26 13.6
3 Bank of China Ltd 1,561 17 11.2
4 Deutsche Bank 893 13 6.4
5 Industrial & Commercial Bank of China - ICBC 827 12 6.0
6 Agricultural Bank of China Ltd 607 7 4.4
7 Goldman Sachs 570 8 4.1
8 Citi 569 8 4.1
9 China International Capital Corp Ltd 461 5 3.3
10 DBS 442 9 3.2
Subtotal 10,534 72 75.9
Total 13,886 81 100.0

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