Asia Pacific

Hong Kong-listed China Silver Group is looking to spin off its online jewellery arm CSMall Group through a listing on the city’s bourse.

Investment bankers are terribly ostentatious. Even in my retirement, I like new, shiny and expensive things, and luckily I have a deep enough wallet to afford them.

Philippine conglomerate Ayala Corp is gauging investor interest in a debut fixed for life perpetual, which would be the first international corporate issuance from the country this year.

India's sale of stock in energy company NTPC was meant to be the largest on record this week, worth as much as Rp138.5bn ($2.2bn). But the deal missed the mark after a muted response from retail investors.

South Korean retail giant Lotte Shopping Co snapped up $300m on Wednesday from its first bond in five years, defying geopolitical tensions and negative headlines around the Lotte Group to price at a tight spread.

KEB Hana Bank is selling its first-ever US dollar-denominated, dual-listed Formosa bond on Thursday, taking bids for floating rate bond with a five year tenor.

Hong Kong financial investment firm Sun Hung Kai & Co is in the market with a guaranteed Reg S dollar bond, to be issued by a wholly-owned subsidiary.

When China's free trade zone (FTZ) bond market was launched last December, regulators envisaged it as foreign investors’ fast lane into Chinese fixed income. But one year on, there are doubts over whether the market has a future — only one FTZ bond has been sold, and meanwhile the onshore bond market is enjoying a rapid rise.

ICE Futures Singapore, the energy, metals and forex derivatives exchange owned by Intercontinental Exchange (ICE), has admitted its fifth member, SinoPac Futures, based in Taiwan.

A slew of companies announced roadshows for European bond issues on Wednesday, setting next week up to be one of the busiest for months.

Kommunalbanken made what bankers away from the trade described as an “excellent” choice of tenor with a dollar benchmark on Wednesday as it tightened pricing from guidance — something that not every issuer has been able to achieve in the currency over the last two weeks. Meanwhile, a Japanese issuer mandated for a trade that bankers expect to go well despite geopolitical tensions in Asia.

Canadian Imperial Bank of Commerce (CIBC) could sell two tranches of long three year covered bonds in Australian dollars this week, as foreign issuers monitor the cash-rich market for opportunities to fund themselves at competitive levels.