Asia Pacific

Securities and Intelligence Services India has launched bookbuilding for a potential Rp7.8bn ($121.6m) IPO, securing over a third of the offering with anchor investors.

Chinese auto rental provider eHi Car Services and Shanghai-listed Future Land Holdings Co have picked banks for their dollar bonds, with roadshows set to take place early this week.

Indonesia’s Bumi Resources has raised Rph35.1tr ($2.6bn) from the sale of rights shares and mandatory convertible bonds, in a bid to shed debt.

Indonesian tyre maker Gajah Tunggal is planning a return to the dollar market to refinance a $500m 7.75% note coming due in February 2018.

China plans to increase a limit on foreign equity investors, the PBoC renews a currency swap line with Switzerland, and the International Monetary Fund (IMF) says the renminbi is broadly moving in line with fundamentals.

India’s Azure Power Energy made its debut in the international bond market with a dollar green transaction on Thursday. But the solar power issuer had to pay up to secure $500m in a week that caused difficulties for Indian markets.

Vedanta Resources plans to return to the dollar market with a seven non call four year offering, in parallel with a tender offer for its existing 2019s and 2021s.

Credit Suisse’s revenues from Asia Pacific slipped in the second quarter, dragged down by the markets business. But strong year-on-year growth from its wealth management & connected (WM&C) and private banking businesses offset most of the slide.

Malaysia has seen the inaugural green sukuk under the Securities Commission's Sustainable & Responsible Investment (SRI) sukuk framework, highlighting the country’s efforts in meeting the growing needs of global infrastructure and green financing.

ZhongAn Online Property and Casualty Insurance Co is gunning for a valuation of up to $10bn in its Hong Kong IPO as bankers tout its China new economy credentials.

Shougang Corp Co, one of China’s largest steel producers by volume and assets, priced its maiden euro bond on Thursday, joining a slew of Chinese names exploring the European market this year.

The renminbi’s usage as a global payment currency goes up, BlackRock says full bond index inclusion will drive capital inflows into Chinese fixed income, and foreign ownership of Chinese bonds and equities rise.