Asia Pacific

Beijing Enterprises Clean Energy Group is preparing a HK$1.33bn ($170.3m) open offer to fund development projects and acquisitions of clean energy-related companies.

India is once again hiring banks for the IPOs of North Eastern Electric Power Corp (Neepco) and MSTC, after the first two requests for proposals went nowhere.

Standard Chartered has hired a former Barclays banker as an executive director in the Asia DCM syndicate team.

Indian government-owned Cochin Shipyard is set to start bookbuilding next week for its Rp14.7bn ($228.2m) IPO.

First-time issuers China Chengtong Holdings Group and China Logistics Property Holdings Co are preparing for their dollar fundraisings, tapping banks to lead their respective offerings.

Indonesia’s Paiton Energy has mandated banks for a debut public dollar bond. It will kick off a roadshow this week.

Cairn India Holdings has signed new lenders into a $651m loan that had been in general syndication since late May.

China Resources Land returned to the Panda market with the biggest deal this year, raising Rmb5bn ($740.9m) from a dual-tranche bond on Monday. CR Land sealed the deal just four days after rival Longfor Properties’ debut and faced similar pressure from investors to prioritise its shorter term notes.

Continuum Wind Energy’s subsidiary Continuum Energy Levanter is selling a senior 144A/Reg S bond on Tuesday, adding variety to a busy primary debt market.

The Indian government has given itself another year to meet free float requirements on listed state-owned firms, despite having had since 2014 to wind down its positions. The move illustrates a lax attitude in both the public and private sectors around liquidity and public shareholding levels — an issue that must be remedied.

Industrial Bank of Korea (IBK) raised $300m from its first trip to the additional tier one market on Monday. Investors embraced the structure, pushing the books to eight times covered.

Sunac China Holdings has raised HK$4.03bn ($516.2m) from a top-up placement, taking advantage of its recent media focus and skyrocketing share value to bag a deal.