Asia Pacific

China Huishan Dairy has found a discrepancy in its cash position, which as at March 31 was much higher than confirmations received from banks, according to a Monday filing.

Chinese real estate developer Agile Group has sealed a HK$624m ($80m) financing with one bank.

Marble II is looking to raise $500m from a senior secured bond, with fixed income investor meetings set to kick off this week in Asia, Europe and the US.

Singapore’s HRnetGroup is closing books on its S$174m ($125.7m) IPO a day earlier than planned after investors jumped onboard the deal.

Hong Kong-listed Fosun International has hiked the size of its syndicated loan to $806m-equivalent from $650m. The company raised the money in two currencies, with the final deal split between a $673m portion and a €118m tranche.

Korean Air Lines is trying to take off with a new dollar bond following an aborted attempt in September last year. Also on Monday, GS Caltex Corp is out with a five year 144A/Reg S deal, while SOCAM Development has reopened its recent notes.

China Three Gorges Corp is set to make its debut in the green debt market with a euro offering, and is gauging investor appetite with a week-long roadshow.

Singaporean broadband provider NetLink Trust is set to begin investor education this week for its IPO, which could raise around $1.5bn, according to a banker close to the deal.

Guangzhou Rural Commercial Bank Co has opened books for a HK$8.34bn ($1.07bn) IPO in Hong Kong after a short delay, with Chinese funds anchoring the deal.

Mainland banks continue to be active in the floating rate bond market, with China Merchants Bank Co looking to sell its inaugural dollar FRN on Monday.

UBS has lost a banker in its Asia debt syndicate team in Hong Kong, according to sources.

In this week's round-up, the People’s Bank of China says it will maintain a neutral monetary policy, Silk Road Fund and European Investment Fund sign memorandum of understanding for Belt and Road financing, and Luxembourg holds international renminbi forum.