Asia Pacific

In the latest Clawback, columnist Philippe Espinasse puts the Hong Kong Stock Exchange’s (HKEX) recent consultation paper on capital raisings by listed issuers under the microscope.

Unis Leasing, a unit of Shenzhen-listed technology company Unisplendour Corp, has approached offshore banks for the first time with a $100m syndicated borrowing.

Hang Lung Properties is preparing its first Panda bond, aiming to raise Rmb2bn ($302.7m) from a three year note on the interbank market.

Paper and pulp company APP China is testing investors’ appetite for an unrated dollar bond, about 15 years after its Indonesian parent Asia Pulp & Paper Group defaulted on close to $14bn of debt.

CK Hutchison Holdings is wooing dollar debt investors for the third time this year, opening books for a triple-tranche deal on Tuesday morning.

Chinese state-owned Qinghai Provincial Investment Group Co is returning to the debt market for the third time in 2017, but is opting for a short-term note this time around.

Renminbi internationalisation could give China greater influence over global asset prices in the next decade, but only if regulators can manage to internationalise the currency without destabilising its exchange rate, according to KPMG and Global Financial Markets Association (GFMA).

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.

Indian animal feed and agribusiness company Godrej Agrovet plans to bring a Rp11.65bn ($178.6m) IPO to the market on October 4, with the deal to feature both new and secondary stock.

Game developer NetDragon Websoft Holdings has tapped the Hong Kong market for a HK$997.9m ($125.2m) top-up placement, its first public equity raise since listing a decade ago.

In a fillip to the Masala bond market, Reserve Bank of India is excluding offshore rupee-denominated bonds from the investment limits in corporate debt for foreign portfolio investors, effective October 3.

HSBC has appointed Joseph Incalcaterra as its chief economist for ASEAN, a newly created position at the bank.