electricity

Power Assets says the listing of its Hong Kong electricity business in the form of a trust is scheduled for January 29. The aim is to sell up to 70% to public investors, which implies a potential deal size of up to $5.7 billion.

The fixed price deal is upsized by 26% following good demand from both international and domestic investors.

KDIC sells its remaining stake in Kepco on the back of a surge in the share price to raise $260 million, while another government entity sells $322 million worth of shares in Daewoo Shipbuilding.

The deal accounts for less than 20% of the San Miguel group’s entire stake and is priced at a 10.7% discount.

A government and industry delegation is aiming to sell 10 power plants to investors around the world.

The deal is priced at a relatively tight discount of 5.9%, but attracts strong demand from retail investors and other yield-focused accounts.

NTPC, India’s leading power generating company, issues a tightly priced $500 million deal following the passing of a favourable tax ruling.

The Chinese power producer draws strong demand from outright and hedge fund investors, and both tranches are upsized in full.

The bonds surprise the market and trade firmer in secondary. Meanwhile, Sound Global and China Fishery line up.