Asia Pacific
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Nanyang Commercial Bank added $1.2bn to its coffers on Thursday with an additional tier one bond, managing to price its deal close to fair value. -
China Petroleum & Chemical Corp has sent out a request for proposals for a potential $10bn spin off and listing of subsidiary Sinopec Marketing Co, according to bankers who received the invitation.
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The PBoC is rumoured to be looking into making the daily fixing more stable, MSCI says there are still questions on including A-shares in its emerging market index in June, and Vanguard sets up its first wholly foreign owned entity (WFOE) in Shanghai.
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Kookmin Bank has become the first South Korean commercial lender to sell a dollar bond in the Taiwanese market, and it did it with style, finding more than enough demand to boost its deal size.
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Natixis has hired former Goldman Sachs banker Ashish Jain as head of fixed income, commodities and equity derivatives sales for southeast Asia and Australia, part of an expansion of its cross-asset solutions in the region.
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VietinBank, one of the largest state-owned commercial lenders in Vietnam, has returned to the loan market, just four months after tying up its last fundraising.
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Standard Chartered has become the first non-Chinese bank in Singapore to close a dollar-renminbi FX forward trade via the onshore China Foreign Exchange Trade System (CFETS), the firm said in a statement on Thursday.
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Holders of International Bank of Azerbaijan’s eurobonds reacted with fury this week to restructuring proposals that offered a 20% haircut for conversion into sovereign risk.
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A strong public sector dollar market welcomed one issuer's first $5bn sized deal this week. It was not even the only borrower to sell in size but with SSAs well-funded, there are few expectations of more large trades.
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Holders of International Bank of Azerbaijan’s Eurobonds reacted with fury this week to restructuring proposals that offered a 20% haircut for conversion into sovereign risk.
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