Asia Pacific

A senior Hong Kong-based leveraged finance banker has left Bank of America Merrill Lynch, according to two sources.

Nissan’s Chinese joint venture has returned to investors with its latest auto ABS, offering a single tranche worth around Rmb2.52bn ($373.8m).

The Mumbai branch of HDFC Bank is looking to bag $500m from a syndicated borrowing that was launched at the end of July.

Hong Kong-listed China Agri-Products Exchange’s (CAP) rights issue to raise HK$1.3bn ($166.4m) has received "negative feedback" from the city’s bourse and could be rejected.

Singapore Exchange said on Friday that companies with dual-class share (DCS) structures that have a primary listing in developed markets can seek a secondary listing in the city-state.

China Gas Holdings is aiming to raise Rmb1.5bn ($222.9m) from its latest Panda bond, returning to the market less than a year after its last deal.

Hong Kong’s market regulator has rejected AMTD Strategic Capital Group’s application to list on the city’s stock exchange, a move that sources say could be a sign of what is to come.

Asian bond investors reclaimed some of their power this week, but the coup was far from bloodless. Three single-B rated issuers were forced to pull planned dollar bonds. Morgan Davis and Addison Gong report.

The race for the fixed line assets of Hutchison Telecommunications is nearing the finish line, with details emerging on the financing to support a bid by US private equity firm I Squared Capital. The firm is competing against a joint bid from MBK Partners and TPG Capital, which can already boast one clear win in the sector. Shruti Chaturvedi reports.

The musical chairs in Hong Kong’s equity capital market hit a crescendo this week, as senior bankers from both bulge brackets and Chinese firms took turns swapping seats. With several positions still left to be filled, the movement is unlikely to stop soon. But all this points to a sustained rise in business, writes John Loh.

Weekends are when we all get a chance to let loose. Dinner parties, bleary-eyed catch-ups, long Sunday lunches with fellow old hands. But the younger generation appear to be taking a rather more sedate approach to their time off work.

India’s Nirma is set to hit the US term loan B market for financing to back its bid for Tronox Alkali, a US-based company. The flexibility that comes with selling into an institutional market pushed Nirma to pick a combination of a US TLB and a bond for its acquisition, said bankers.