UPDATE 1-Ecuador announces new 10-year benchmark bond
NEW YORK, Dec 8 (IFR) - Ecuador announced a new 10-year bond on Thursday, taking advantage of higher crude prices to make its third foray into the US dollar market this year.
HONG KONG, April 10 China's WH Group Ltd, the world's largest pork processor, launched on Thursday a Hong Kong initial public offering of up to $5.3 billion, according to a term sheet seen by Reuters.
The company and some of its shareholders are offering 3.65 billion shares in a range of HK$8.00 to HK$11.25 a share, putting the total deal at up to HK$41.06 billion ($5.3 billion). That could grow to $6.11 billion if underwriters exercise a greenshoe option to meet additional demand.
That would make it the second biggest ever IPO by a food company, behind Kraft Food Inc's $8.7 billion listing in June 2001, and the largest new listing in the Asia-Pacific region since AIA Group Ltd raised $20.5 billion in October 2010.
Pricing for the IPO is slated for April 22, with the shares making their debut on the Hong Kong stock exchange on April 30. ($1 = 7.7531 Hong Kong Dollars) (Reporting by Elzio Barreto; Editing by Ryan Woo)
* Jobless claims fell by 10,000 to 258,000 last week - report
NEW YORK, Dec 8 (IFR) - US banks are on track to snap the downtrend in fixed income trading as JP Morgan, Citigroup and Bank of America said fourth quarter markets revenue could be up 15% to 20% from a year ago.