Asia Pacific

Deutsche Borse is preparing to launch a Bond Connect offering later this year to further facilitate China access, but data from across the market shows global investors are still weighing up the China fixed income opportunity.

Macquarie has hired Ric Deverell as chief economist and head of macro research.

Chinese live streaming platform YY tapped the US market this week with a block sale of American Depositary Shares (ADS), capitalising on a surging stock price. Bankers are preparing for a raft of similar block sales — as well as a growing list of US IPOs from Chinese companies. Jonathan Breen and John Loh report.

Ask bankers about what most irks them in the industry today and it won't be long before they utter the word "compliance". Whenever I hear such complaints I like to trot out the following story from a very different time.

Bajaj Finance has set its sights on a Rp45bn ($703m) capital increase as in-demand Indian FIG issuers line up to tap equity investors.

Shenzhen-listed Changjiang Securities Co is planning to list its offshore arm in Hong Kong, having gained China Securities Regulatory Commission approval.

Indian company Intas Pharmaceuticals is lining up banks to help it fund an acquisition in Europe and the US, turning back to lenders who helped the company pull off a successful takeover earlier this year. But this time around, it has more bargaining power. Shruti Chaturvedi reports.

US President Donald Trump’s unexpected threat against North Korean leader Kim Jong-un last week alarmed investors, pushing down South Korean offshore bonds. But Korean issuers this week shrugged off concerns of a long-term problem and are already making plans to return to the market. Morgan Davis reports.

Peugeot Citroën’s joint venture in China is set to return to the China ABS market after a year away. The auto maker will offer investors only one tranche, down from the two tranches in its 2016 debut, but the deal size will triple to Rmb3bn ($449.8m).

Cheung Kong Infrastructure Holdings sold a fixed-for-life hybrid bond denominated in dollars on Wednesday. The deal did not draw an overwhelming response, but market participants said overall demand for the structure is muted.

Indonesia’s Medco Energi Internasional has added $100m to its outstanding five non call three bonds from last week, bagging a total of $400m as Chinese investors continue to prove a receptive audience.

John Wade resurfaces at Mizuho — MUFG names new co-head of Asia corporate banking — GS loses equities bankers — Credit Suisse Apac head of equity-linked retires