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Asia Pacific Market wrap - November 2007

November 28, 2007  

BHP Billiton bids US$145 billion to take over Rio Tinto, while UK private equity firm Permira seals Japan's biggest buyout. PetroChina's IPO makes it the world's largest listed company and state-run lender Kexim issues a stand-out US$1.5 billion bond in South Korea.

Australia

Resources company BHP Billiton made a takeover approach to arch-rival Rio Tinto valued at US$145 billion, excluding debt, but it was rejected as too low. BHP offered three shares for each Rio share. Subsequently, it lined up a US$70...


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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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