Asia Pacific

Singapore-based Sea began pre-marketing a potential $1bn US IPO this week, according to a banker close to the deal.

Vincom Retail, a subsidiary of Vietnamese conglomerate Vingroup, has started pre-deal investor education for its $600m IPO, and is working on an unusually short roadshow-to-listing schedule.

Indian animal feed and agribusiness company Godrej Agrovet, which counts Singapore's wealth fund Temasek Holdings among its backers, plans to launch its Rp11.65bn ($178.6m) IPO on October 4.

Citi is planning to add at least 25 bankers to its Belt and Road coverage team over the next couple of years, amid a pick-up in interest from clients.

A long awaited framework for Panda bond issuers is likely to be finalised by the People’s Bank of China by the end of the year, GlobalRMB has learned.

Industrial and Commercial Bank of China is set to become the first Mainland bank to sell a green bond aligned with both international standards and China’s framework.

Four firms from Asia ex-Japan are taking bids for their dollar bonds, including Lionbridge Capital Co, Nan Hai Corp, Overseas Chinese Town Enterprises Company as well as Malaysia’s Yinson Holdings.

Indian Renewable Energy Development Agency (Ireda) launched its long anticipated green Masala bond on Thursday, just days after the country’s regulators re-opened the tap for offshore rupee issuance.

The National Bank of Canada (NBC) has raised Rmb600m ($90.3m) from a three year bond on September 28, becoming the second Canadian issuer to hit the dim sum market in two weeks.

The renminbi held its spot as the world’s fifth most active payments currency in August, according to Swift’s RMB tracker. The news came just a day after Swift said it will start displaying China’s Cross-Border Interbank Payment System’s (Cips) data on its system.

Nomura’s John Goff is adding the positions of head of global finance for Asia ex-Japan and acting head of DCM Asia ex-Japan to his job description.

Hong Kong Exchanges and Clearing (HKEX) is to start offering iron ore futures contracts from November.