Asia Pacific

Metallurgical Corporation of China (MCC), China National Chemical Corporation and Thailand’s PTT Exploration and Production are out in the market, gauging appetite for their respective bonds.

India’s Syndicate Bank has appointed Melwyn Rego as the chief executive officer effective July 1, succeeding Arun Shrivastava who retired at the end of June.

Malaysia-based Lotte Chemical Titan Holding has sealed its MR3.8bn ($884.0m) IPO at the bottom of guidance after reopening the deal on Monday at a lower price range and smaller size.

Guangdong Hengjian Investment Holding raised $500m from its debut bond on Monday on the back of nearly six times demand. The issuer priced the notes inside its comparables, a feat possible thanks to its status as a provincial-level state-owned enterprise and a quiet primary market.

Bank of China Hong Kong became the latest bank to join a rush of floating rate issuance on Monday, closing a dual-tranche deal.

Huarong Investment Stock Corp has increased the size of its dual-currency syndicated loan to HK$3.6bn ($462m) from HK$3bn.

Mainland firm Hebei Construction Group is vying for approval to list in Hong Kong, filing a draft prospectus with the city’s exchange.

The further liberalisation of access to the China's bond market as a result of Bond Connect makes inclusion of onshore renminbi bonds in the world’s major bond indices more likely, with potential inflows in the billions of dollars, according to market analysts.

State-owned enterprise Qinghai Provincial Investment Group Co is making a rapid return to the international debt market, launching a new dollar bond on Tuesday about four months after its debut.

India’s Au Small Finance Bank is on track to price its IPO at the top of guidance, raising the lender Rp19.1bn ($294.5m) after the deal was subscribed more than 50 times.

India’s Cadila Healthcare has received board approval to sell foreign currency bonds, a first for the company.

National Multi Commodity Exchange (NMCE) and Indian Commodity Exchange (ICEX) have agreed to merge, with both parties expecting to complete the move by December.