Asia Pacific

Amid a buzz of IPO activity in India, GTPL Hathway is in line to raise Rp4.8bn ($74.4m) after sealing its oversubscribed listing.

Malaysian property development company S P Setia is preparing to raise MR3.6bn ($839m) of new equity to finance its takeover of domestic rival I&P Group.

The sub-underwriting phase of a HK$28bn ($3.6bn) financing to support the take private of Hong Kong-listed footwear company Belle International Holdings has wrapped up, with nine lenders joining original mandated lead arranger and bookrunner (MLAB) Bank of America Merrill Lynch (BAML).

FIT Hon Teng is set to launch bookbuilding for its $500m Hong Kong IPO on Thursday, according to a source close to the deal.

Haitong Securities, the Chinese brokerage and investment banking group, has applied for permission from the China Securities Regulatory Commission (CSRC) to spin off and list Haitong UniTrust International Leasing on the Hong Kong Stock Exchange.

Kyobo Life Insurance Co and Korea Hydro & Nuclear Power Co have mandated banks for new dollar outings.

Qingdao Lidong Chemical Co, a unit of petroleum products company GS Aromatics, is seeking a $60m loan in general syndication.

South Korea's Nonghyup Bank is readying investors for its annual dollar bond.

Zhongyuan Bank has begun fielding interest for its Hong Kong IPO, which is set to raise around $1bn, according to a banker close to the deal.

Thailand’s PTT Exploration and Production is chasing a potential dollar deal, with an international roadshow beginning on Monday.

Tradeweb becomes Bond Connect’s first foreign trading platform provider, both northbound and southbound fund flows of the Mutual Recognition of Funds scheme pick up speed in May, and the State Administration of Foreign Exchange (Safe) plans favourable FX policy for Chinese companies investing in Belt and Road projects abroad.

Bank of Tokyo-Mitsubishi UFJ (BTMU) has hired Duncan Connellan as managing director of its Australian event finance team, part of the firm’s Asian investment banking division.