ANZ

Ascendas Real Estate Investment Trust (Reit) is looking to raise capital for a planned acquisition in Australia, wooing investors in the Singapore dollar hybrid market.

People’s Bank of China (PBoC) has lifted the threshold for multinational corporations (MNCs) to use the cross-border cash pooling scheme across China. The scheme had originally been introduced in the Shanghai pilot free trade zone (FTZ) in early 2014.

ANZ and CIMB impress in this year’s Asiamoney’s Fixed Income Poll with ANZ topping the categories for regional credit and interest rates, while the Malayisan bank comes first in regional commodities services.

Australia and New Zealand Bank has hired from within for its new chief executive, promoting Shayne Elliott to the job.

ANZ has received the final regulatory approval from the Central Bank of Myanmar to open its first branch in the country, deepening the Australian lender's presence in the Greater Mekong region.

Commodities trader Trafigura has seen big success with its syndicated loan, bumping up its fundraising to $2.2bn from the launch size of $1.6bn.

Korean banks have pulled back from the Samurai market, as funding costs have moved against them, but some other names have stepped into the breach. Australian banks are a key fixture in the Samurai markets, while the arrival of Maybank this year gives a pointer to future issuance. Asia Pacific financial institutions issuers are also proving instrumental in the steady development of the Pro-Bond market. Volatility in China, however, is not helping anybody. In September, some of Asia Pacific’s leadering FIG borrowers spoke to GlobalCapital about prospects in the Japanese capital markets.

Indian conglomerate Reliance Industries has opened its $1.47bn dual-currency loan into general syndication, with four participation levels available to lenders.

The Reserve Bank of India has proposed a new framework that eases rules for borrowers raising external debt, five months after the government released a report that recommended overhauling and liberalising the existing system.

Fosun Industrial, an entity owned by Chinese conglomerate Fosun, has hit the offshore syndicated loan market for a $700m three year borrowing.

The Republic of the Fiji Islands has sealed a new $200m bond, navigating choppy conditions and winning over investors after a four year hiatus from the offshore debt market. An extensive roadshow helped drum up support, allowing the sovereign to meet its size and price targets.

Two banks have launched a $700m three year borrowing for Fosun Industrial, an affiliate of Chinese conglomerate Fosun International.