Asia Pacific
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It’s just too bad that not everyone has the social smarts and wherewithal of a well-educated person like me. Because, as I heard on my latest visit to Captain’s Bar, one unfortunate friend recently suffered a social flub which left her speechless.
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Gajah Tunggal, an Indonesian tyre maker, has tapped the syndicated loan market for a dual-currency $250m facility. -
Investors poured cold water on China Gas’s first outing in the Panda bond market since last October, forcing the energy issuer to pull the longer-term tranche of its Rmb1.5bn ($221.4m) deal on Thursday.
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The Philippines' ministry of finance has mandated Bank of China and Standard Chartered for its upcoming Panda bond, two sources have told GlobalCapital Asia's sister publication GlobalRMB.
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Canara Bank is offering investors starved of paper from India’s FIG sector something to feast on, marketing a senior five year bond on Thursday.
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eHi Car Services, a Chinese auto rental provider, is selling its second international bond on Thursday, opting for a five non call three year.
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A veteran loan syndications banker at Citi in India is understood to have quit to take up a bigger role in Standard Chartered.
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Indonesian and Indian corporates rushed to the debt market on Thursday, with Gajah Tunggal, Paiton Energy and Vedanta Resources all launching dollar transactions.
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The Indian government is set to raise Rp4.8bn ($75.2m) through an offer for sale of Hindustan Copper's shares this week, according to an exchange filing.
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Axis Bank became the first Indian financial institution to offer a bond to US investors this year, sealing $500m on Tuesday and leveraging its rarity value to price inside its existing curve.
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Punjab National Bank has added its name to the list of Indian FIG names seeking new equity, approving a Rp30bn ($470m) fundraising plan.
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High yield issuers Future Land Holdings Co and China Logistics Property raised a combined $300m from their bonds on Tuesday. But the borrowers saw different outcomes. While investors continued to be attracted to property names, making Future Land’s deal 10x covered, they were less responsive to debutant CNLP.
