Asia Pacific

Deutsche Bank has lost its Hong Kong-based head of RMB solutions, part of a broader move by international banks away from offshore-specific RMB roles.

South Korea’s KT Corp grabbed $400m from its bullet bond on Monday through a smooth transaction in an otherwise quiet day for primary issuance.

Foreign investors look set to be allowed into Myanmar's capital markets soon, with new laws close to approval. The news is very welcome as growth has stalled in the country's markets since the first shares started trading on the Yangon exchange last year. However, any celebrations must be tempered by the experiences of Myanmar's neighbouring countries and it must take care to avoid similar pitfalls.

DLA Piper has named James Chang as a corporate partner in Beijing, the law firm said on Tuesday.

HSBC has hired a senior banker from UBS to oversee credit and lending products in its private banking unit in Asia.

China Chengtong Holdings Group, a pilot state-owned operating company, is offering investors a taste of its inaugural deal, launching a five year bullet on Tuesday.

Maiden dollar issuers China Logistics Property (CNLP) and Future Land Holdings Co are attracting bids for new bonds, adding to the high yield issuance from the Mainland.

ANZ has appointed Rufus Pinto as the chief executive officer of Laos, according to a Tuesday statement from the Australian lender.

India’s Axis Bank is in the market with a five year dollar bullet through its Dubai International Finance Centre branch, wooing the buy-side a year after its debut green bond.

Indian government-owned Cochin Shipyard has started taking orders for an IPO that could add Rp14.7bn ($229m) to the state’s coffers.

Mining company Vedanta Resources is making a rapid return to loans, mandating five banks for a deal of around $500m while simultaneously wooing investors for a dollar bond.

State Bank of India’s new $750m five year financing has been launched into syndication after a 10-strong bookrunner group funded the transaction.