Asia Pacific

Property names China Jinmao Holdings Group and Shimao Property Holdings, along with India’s Adani Ports and Special Economic Zone, launched new dollar deals on Thursday.

The upcoming Bond Connect will not only further open up China’s fixed income market, but also speed up the country’s financial market reform, Mark Austen, CEO of Asia Securities Industry & Financial Markets Association (Asifma), told GlobalRMB in a wide-ranging interview.

South Korean shipbuilding company Hyundai Mipo Dockyard sold its entire stake in Hyundai Robotics for W352.2bn ($309.0m) through a rapidly covered block on Wednesday night.

Pharmaceutical company China Medical System Holdings has signed a $300m three year fundraising with a single lender.

Eris Lifesciences is set to price its Indian IPO at the top of guidance to raise Rp17.4bn ($269.3m), after books closed multiple times subscribed, according to a banker on the deal.

Gome Electrical Appliances Holdings priced a tap on Tuesday, adding $100m to the original $400m notes on the back of 6x demand. Investors’ eagerness for paper allowed the issuer to price inside both its existing notes and secondary.

The MSCI's decision to include A-shares in its emerging market index will drive capital inflows to Chinese equities not just from index trackers but also from active fund managers. But some warn that the pace of investments could be threatened by shrinking offshore RMB (CNH) liquidity.

Chinese resource-based energy company Brightoil Petroleum (Holdings) pulled what could have been its debut international bond on Tuesday — the second borrower to cancel a deal recently — as heavy high yield supply as a result of two potentially huge exchange offers, as well as the underperformance of recent paper, weighed on investors’ minds.

Export-Import Bank of Korea (Kexim) brought the latest batch of dollar Formosa bonds from South Korea on Tuesday, selling a $400m five year floating rate note in a well-received deal.

Global index provider MSCI announced on Wednesday that it will begin including Chinese A-shares in its emerging markets index, giving its blessing after three consecutive rejections. Here is GlobalRMB’s lowdown on what you need to know about the upcoming inclusion.

India’s Bank of Baroda met investors this week on a non-deal roadshow in Europe and Asia.

Louis Dreyfus Co Asia has enlisted four mandated lead arrangers and bookrunners to distribute a $400m three year loan.