Asia Pacific

Industrial and Commercial Bank of China’s Hong Kong branch is marketing a floating rate Reg S transaction featuring a three and a five year, having recently raised $1.1bn from a similar deal.

Road King Infrastructure is taking bids for its dollar return on Monday, as it looks to sell its second fixed for life deal in 2017.

Textile maker Shandong Ruyi Technology Group Co is gauging investor interest for a new dollar deal, six months after its debut in the international market.

Hong Kong Exchanges & Clearing (HKEX) could reinvent itself as a tech-friendly bourse by creating a board to host pre-profit companies and those with multiple share classes which would be a potential draw for the likes of Alibaba Group.

Invitations are out for a $235m triple tranche loan for private equity firm Partners Group’s acquisition of business process outsourcing company SPi Global.

The European Central Bank switches €500m-equivalent of dollar for renminbi in its FX reserves, the International Monetary Fund adjusts China’s GDP growth forecast while recommending a more transparent monetary policy, and Singapore does a policy U-turn to support One Belt One Road (OBOR).

Hainan Airlines Holding Co and Greenland Holding Group Co printed bonds with tenors of less than one year on Thursday, finding sufficient demand for their deals. But they were forced to pay a premium, given recent talks around China further regulating offshore funding.

Lenders that worked on a HK$4.851bn ($622m) leveraged buyout loan to support MBK Partners and TPG Capital’s acquisition of telecom firm Wharf T&T have thrown their weight behind the same sponsors for a potential bid for Hutchison Global Communications, said bankers.

Hilong Holding debuted in the bond market on Thursday with a $250m three year bullet, managing to somewhat defy concerns around its concentration in the volatile oil industry.

The concept of Bond Connect has rapidly transformed from market chatter into concrete policy proposals over the past few weeks. But as the anticipated launch date of July 1 draws closer, market participants remain concerned about potential risks, ranging from capital repatriation to the flexibility to switch between access programmes.

Lotte Chemical Titan Holding opened books on Friday for its MR5.9bn ($1.4bn) Malaysia listing, which is being pitched at a big discount to regional rivals.

Eris Lifesciences has signed up 37 investors as anchors for its Rp17.4bn ($269.5m) IPO in India, setting the stage for its listing with a strong launch message.