Asia Pacific

The Republic of Tajikistan is one step closer to selling its first dollar bond after gaining parliamentary approvals recently.

Malaysian petrochemical firm Lotte Chemical Titan Holding has relaunched its up to MR5.9bn ($1.4bn) IPO and is taking orders for a day, slashing the price range and offering size to secure additional long-only investors.

A $300m three year fundraising for pharmaceutical company China Medical System Holdings has entered general syndication with three banks at the helm.

A loan of around $400m for Indian data analytics firm Mu Sigma is open for retail participation after a successful senior phase when seven lenders joined the deal.

China’s ZhongAn Online Property and Casualty Insurance Co has taken a formal step towards listing in Hong Kong, filing a draft prospectus for an IPO that could raise at least $1bn, according to bankers familiar with the matter.

Standard Chartered’s head of capital markets for Greater China and north Asia has retired from the bank, according to multiple sources.

Guangdong Hengjian Investment Holding is marketing its debut dollar bond while Bank of China's Hong Kong branch is taking bids for a dual tranche floating rate transaction.

Investors accessing China’s interbank bond market (CIBM) using CIBM Direct will not be barred from using Bond Connect, the deputy governor of People’s Bank of China (PBoC), Pan Gongsheng, said at the Bond Connect launch ceremony on July 3.

The Bank of East Asia has received approval from the China Securities Regulatory Commission to establish a joint venture securities company in Shenzhen.

International banks were up and running on the new Bond Connect scheme minutes after it opened for business at 9am on Monday. But analysts think it is unlikely the bond link will start with a bang.

In this week’s round-up, the China Securities Regulatory Commission (CSRC) considers launching A-share related derivatives in Hong Kong after MSCI’s inclusion, Citi launches two onshore bond indices, and the Chinese premier says M&A by foreign companies is welcome in the Mainland.

India’s Rural Electrification Corp found investors more interested in its government links than its bond’s green label when it debuted in the offshore market on Thursday with a $450m deal.