Asia Pacific

China Traditional Chinese Medicine Holdings (CTCM) this week issued its second Panda bond, raising Rmb2bn ($294.2m) from a three year note amid difficult market conditions.

A $400m fundraising for Indian data analytics firm Mu Sigma has received commitments from five banks. Syndication for the deal, which was launched in March, remains open at the sub-underwriter level.

ICBC International has lost its co-head of debt capital markets in Hong Kong, GlobalCapital Asia understands.

Reliance General Insurance Co (RGI) has added its name to the growing list of Indian insurers seeking an IPO, after its board approved the listing on Monday.

Bombay Stock Exchange-backed Central Depository Services India (CDSL) is set to bring the country’s first IPO of a securities depository, with its Rp5.2bn ($81.4m) deal launching next week.

Marble II, a special purpose investment holding company of Indian IT firm Mphasis, started taking bids for a senior secured five non call two year bond on Tuesday.

Citic CLSA has hired a longtime southeast Asia ECM banker as head of Singapore corporate finance and capital markets, sources close to the move said.

Wockhardt and Lakshmi Vilas Bank are joining the equity raising bandwagon in India as they hunt for new capital.

GCL-Poly Energy Holdings, which makes polysilicon and silicon wafers for solar power generation, has picked two lenders to arrange a $200m fresh money borrowing.

Jeil Holdings Co has launched a W462.6bn ($409.5m) float in South Korea, seeking new capital via two domestic bookrunners.

Rose Lee will retire as Hang Seng Bank’s vice-chairman and chief executive on July 1 and will be replaced by a senior HSBC Holdings banker.

RKE International Holdings (RKE) has kicked off pre-deal investor education for a listing in Hong Kong that could raise up to $300m.