Asia Pacific

Investors were stumbling over each other on Wednesday to place orders for Reliance Nippon Life Asset Management’s potential Rp15.4bn ($236.3m) IPO, the first day of a three day bookbuild.

Bank of China’s aircraft leasing arm, BOC Aviation, priced a $200m tap of its outstanding 10 year bonds on Tuesday through where bonds were quoted in secondary markets.

Allocations are out for a $500m five year fundraising by Bank Negara Indonesia. A total of 26 lenders formed the bank group for the deal.

The government of India is selling down its stake in NLC India through a block that could raise around Rp7.2bn ($110.6m).

Westpac has hired an ex-BBVA banker to helm its Greater China operation as the Australian lender looks to further its reach in the region.

Hutchison China MediTech hit the market on Wednesday with a view to raising around $262m from a follow-on sale of American depository shares (ADS), according to a term sheet seen by GlobalCapital Asia.

Keppel-KBS US Real Estate Investment Trust has started bookbuilding for its $448m IPO in Singapore, the city-state’s second Reit listing backed by US assets.

Four banks have launched a $150m two tranche senior secured loan for Indonesian textile company Delta Dunia Tekstil (DDT). The company will use a portion of the funds for a new project in Java, Indonesia.

Reliance Nippon Life Asset Management has launched a three day bookbuild for its up to Rp15.4bn ($236.3m) IPO, after securing a third of the offer with a group of anchor investors.

Singapore-listed Mapletree Industrial Trust bagged S$155.7m ($114.5m) in an overnight primary capital raise that was priced at the top of expectations and reached full size.

The Government of Mongolia, rated Caa1/B-/B-, has released initial price guidance for a new 2023 bond, part of a liability management exercise aimed at extending the borrower's maturity curve.

While China has presented Panda bonds as a key pillar of renminbi internationalisation, the market has long been dominated by Chinese red chip companies raising cash for their onshore operations. Regulators are now looking to change that by bringing more sovereign issuers into the market, experts told GlobalRMB.