Asia Pacific

Kelvin Leung has left Citic CLSA Securities as head of syndicate for equity capital markets after a year on the job.

New gold and silver futures contracts launched by the London Metal Exchange (LME) on Monday of last week have had a “promising start”, according to its precious metals head.

The Australian Securities and Investments Commission (ASIC) has laid out the foundations for its licensing of new index benchmarks, with five already in line to be classified as “significant”.

Nostrum Oil & Gas hit the screens on Monday with a five year non-call two dollar note having completed its roadshow last week. But though the 8% handle on price guidance hascaught the attention of rival bankers.

SBI Life Insurance Co has filed a preliminary prospectus for its $900m IPO, which will see its two biggest shareholders sell down their stakes.

Celltrion Healthcare has bagged W1tr ($886.3m) after pricing its IPO at the top of the initial marketing range, according to a banker familiar with the matter.

Indian power company JSW Energy received board approval last week to raise up to Rp210bn ($3.27bn) from the debt and equity markets.

Gemdale Corp has tapped two banks as leads on a dollar bond, after recently receiving the go-ahead for the issuance from its board and China’s National Development and Reform Commission.

Hong Kong-listed China Shengmu Organic Milk is set to make a comeback to the loans market about a year and a half after its last visit, as lenders remain wary about the company’s industry.

South Korea’s Kyobo Life Insurance Co opened books on its debut dollar bond on Monday — a subordinated 30 year rolling-in perpetuity non call five note.

Hong Kong-listed Longfor is planning its Panda bond debut with a Rmb2bn ($296m) dual-trancher. The property company filed the deal two months after winning regulatory approval — and just four days after a local rival sold its second Panda of the year.

Shareholders of India’s UTI Mutual Fund are weighing an IPO for the asset management firm nearly a decade after its attempt to list.