copper

China Daye Non-Ferrous becomes the second Asian company in two days to sell convertible bonds and the first since August to offer a renminbi-denominated deal.

Chinalco’s Peru unit draws strong demand, leading the retail tranche to be about 25 times covered, while cornerstone investors take up 60% of the deal.

Chinalco’s Peru unit starts the roadshow for an offering of up to $435 million, making it one of only a handful of companies set to list in Hong Kong before Chinese New Year.

The bull market in commodities still has some years to run, but mining companies are preparing for leaner times.

The Africa-based copper miner relies heavily on cornerstones and anchors to complete the deal, while Chinalco Mining postpones its offering as market conditions and investor appetite remain challenging.

Chinalco Mining, which owns a copper deposit in Central Peru, sets out to test investor interest despite the volatility in global markets.

BMW dealer Yongda Auto is aiming to raise at least $306 million, while copper producer China Nonferrous Mining is seeking at least $235 million from the first listing of Africa-based mining assets in Hong Kong.

The start of pre-marketing for Graff Diamonds' IPO this week marks the beginning of a series of billion dollar offerings that are expected to hit the market in the next few weeks.

Zijin Mining's $187 million placement is priced at a 5.1% discount and comes after a 25% rally in the share price since mid-June.