Asia Pacific

Allocations for a $235m three-tranche financing for private equity firm Partners Group’s acquisition of Philippine business process outsourcing company SPi Global were firmed up on Tuesday.

India saw a burst of IPO filings this week, with state-owned insurers New India Assurance Co (NIA) and General Insurance Corp of India (GIC Re) lining up potential billion-dollar listings.

The Brics New Development Bank (NDB) is seeking further renminbi financing, preparing a return to the bond market for up to Rmb5bn ($746m) before the year-end, according to KV Kamath, president of NDB.

Bank of America Merrill Lynch has added a banker to its debt capital markets division in Hong Kong, hiring her from a Chinese securities house.

Country Garden Holdings Co hit the market on Wednesday to add $100m to its existing $600m 4.75% notes sold in July, through a quick deal buoyed by reverse enquiry.

Indonesia’s Medco Energi Internasional, which counts state-owned electricity generator Perusahaan Listrik Negara as one of its clients, is marketing a new dollar bond.

Three Chinese high yield credits opened books for fresh dollar deals on Thursday, wooing investors in the quiet summer market. Greenland Holding Group Company is making a return, while China Huiyuan Juice Group and 21Vianet Group are ready for their debuts.

Dave Sandor is no longer with Goldman Sachs, where he oversaw equity-linked origination, structuring and execution across Asia Pacific and onshore China.

LVGEM (China) Real Estate Investment Co grabbed $225m on Tuesday from its debut deal, taking measures to mitigate any fears of failure by securely anchoring the deal.

Hong Kong-listed Wharf Holdings is set to spin off and float its entire holding in i-Cable Communications by way of introduction, according to an exchange filing on Wednesday.

National Thermal Power Corp (NTPC) has become the second Indian company to seek long-term funding under the latest Reserve Bank of India guidelines — about five months after Power Finance Corp's similar, albeit unsuccessful, attempt. Given that precedent, NTPC will do well to keep its hopes in check.

Andy Siow, a director in ANZ's Asia bond syndicate team, has left the bank about eight months after he joined.