IPO at full speed at the same time, Listed Company, issuing bonds to refinance this year have never stop. According to WIND Information and Statistics, this year, less than 2 months time, the total capital market has reached more than 1800 billion yuan, including 55.26 billion new shares starting a financing, 1279 billion refinancing of listed companies. Concern that the refinancing of listed companies and has not slowed down the momentum of the meaning of the additional disclosures under the plan, corporate debt issuance plans, etc., there are still about 326.8 billion yuan of the refinancing plan will come to market.
large blue chip and no money
few days ago, said it announced public offering of Sinopec 23.0 billion of convertible bonds, subscription online and offline tomorrow; and February 17 Sinopec corporate bonds just issued, financing for 50 million. In fact, China Petrochemical financing refinancing cases only one of this year shows that many listed companies in 2011, the desire for capital.
in blue chips, China Railway, CNR, on the Hong Kong Group, have raised prices this year, debt issuance plans, and financing of the scale are 80 billion yuan, of which up to China Railway 19.0 billion.
According to information provided by the WIND data, has been implemented in more than 1,200 billion refinancing can be as high as 47.0 billion convertible bonds, corporate debt market is 422 billion funding scale, the size of each refinancing more than 30%. Just released the financing plan, the issuance and corporate bond issuance is expected at 178.6 billion yuan and 144.2 billion yuan, 55% and 44% each (only a convertible bond plan, China Shipping Development to be 3.95 billion yuan financing), debt financing and equity financing is almost split the world.
refinancing demand for bank shares
plans have been implemented or are in stages of financing, the banks financing needs clear that only listed half of yesterday's A shares of China Everbright Bank intends to Hong Kong market, which is a good proof.
WIND IT data show that this year, the Agricultural Bank, Industrial Bank issued subordinated debt programs have been proposed, a total financing of up to 650 billion, Bank of Beijing in January this year, 3.5 billion of subordinated debt has been completed distribution; Minsheng Bank plans also proposed private placement, to be issued 4.7 billion shares to raise about 21.5 billion. In the central bank raised the deposit reserve ratio, the bank needs a capital inflow continued to improve its capital adequacy ratio.
promote the reorganization and integration of finance
In fact, in many refinancing programs, integration of the assets by issuing a few companies, including Salt Lake Potash, China Heavy Industries, New Hope, Kazakhstan Pharmaceutical shares, air force and a number of companies, which rationalize the assets of up to billions of dollars, even hundreds of billion yuan.
information based on data from WIND to incomplete statistics, this year plans to implement restructuring or reorganization of listed companies, the additional assets involved are more than 120 billion yuan. Which merged with Salt Lake Salt Lake Potash Group convertible assets involved as much as 77.48 billion yuan, assets of the controlling shareholder of China's heavy industry also involves the injection of more than 170 million transaction size.
merger and reorganization of the capital market this year will no doubt become the suspension restructuring the company, is expected to more than 16 billion yuan this year, listing assets.
part of the new shares, , but there are still times of new shares or shares in the market soon, the idea of financing the rise again.
data, Agricultural Bank of China, Zhe in the building, Ophelia light, Zhujiang Beer, Dalian Port and other companies are listed companies last year, more than time to market within a year, refinancing scale than 1 billion yuan, Dalian Port IPO financing when nearly 30 million, the company plans to issue debt refinancing 2.5 billion, mainly used to adjust the structure of corporate debt, repayment of loans and supplement working capital; small board company in Europe Philippine Light plans to issue short-term bonds is 400 million yuan, production and management company for the necessary additional working capital and repay bank borrowings, Ophelia was light in 2009 net profit 50.98 million yuan in 2010, forecasted to 0% -5 %, such a company a short time to raise funds in different ways, so
(This article Source: Morning News of: Tony Xiali)
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