Asia Pacific
-
The Lao People’s Democratic Republic, through the Ministry of Finance, raised Bt14bn ($420m) this week from a six-tranche bond in Thailand — its largest ever print. The sovereign also managed to push out its curve to an unprecedented 15 years, leveraging on Thai investors’ familiarity with its credit. -
The People’s Bank of China sticks to its neutral monetary policy, China Securities Regulatory Commission (CSRC) says it wants to build first class investment banks in the domestic market, and FTSE Russell refrains from reclassifying the Chinese A-share market as a secondary emerging market.
-
Hong Kong carrier Cathay Pacific Airways has landed in the international loan market for a $350m three year borrowing.
-
Sichuan Energy Investment Development Co is looking to list on the Hong Kong Stock Exchange, having filed a draft prospectus with the bourse this week.
-
-
After a year-long barrage of regulatory intervention, Chinese corporates are re-emerging on the international deal making scene, and this time they are here to stay, writes David Rothnie.
-
The People’s Bank of China has used its extensive holdings of European government bonds to act as an “escape valve” at times when the European repo market has become squeezed — such as year-end and quarter-end periods, when certain French and German bonds were unobtainable at almost any price.
-
Sumitomo Mitsui Financial Group (SMFG) came to the market with a seven year senior unsecured bond on Wednesday to finance green projects, with Mizuho still in the pipeline for a green deal of its own.
-
Malaysian sovereign wealth fund Khanazah Nasional offloaded a block of Malaysia Airports Holdings' shares on Tuesday night, raising MR476.2m ($112.7m).
-
State-owned reinsurer General Insurance Corp of India has finalised the price range for its IPO, which will have a potential size of Rp113.7bn ($1.7bn).
-
Hong Kong-listed China Tian Lun Gas Holdings has enlisted two lenders to arrange a HK$1.25bn ($160m) five year loan, invitations for which were sent out this week.
-
India's Apollo Tyres hit the market with a qualified institutional placement on Tuesday, aiming to add up to Rp15bn ($229.6m) to its coffers.
