Asia Pacific

Germany's Daimler has rapidly returned to the Panda bond market, pricing a dual-trancher last week. Its deal was followed by China Power New Energy Development Company (CPNE)’s debut green Panda, a rarity in the renminbi market.

SEBT Investment Co is once again looking to pare its stake in South Korea’s Daewoo Engineering & Construction Co after a rally in the stock, this time with a W177.6bn ($160m) overnight sale.

Property developer Nan Fung International Holdings became the third Hong Kong issuer to sell a fixed-for-life perpetual in just a little over a week. But unlike the earlier transactions, private banks rather than fund managers dominated its deal.

The Export-Import Bank of Korea (Kexim) offered European investors a rare euro deal from a Korean credit on Monday, securing a solid trade despite a tense political backdrop.

India’s divestment body has set the pitching schedules for bidders on the IPOs of state-owned Rail Vikas Nigam (RVNL) and Rites, according to announcements on its website.

Law firm Linklaters has appointed cross-border leveraged finance specialist Nathalie Hobbs its regional managing partner for Asia.

Iron and steel company Metallurgical Corporation of China raised $500m from the sale of its three year bond on Monday, after enthusiastic investors flocked to the deal.

African agriculture conglomerate Export Trading Group (ETG) has approached the loan market for a borrowing of up to $100m.

The first IPO of an Indian state firm in five years met with roaring approval from investors, as Housing and Urban Development Corp’s (Hudco) success in primary spilled over into its trading debut. Books were nearly 80x covered and the stock has surged as much as 30%. But it would be a mistake to read too much into the deal.

International consumer finance company Home Credit Group is syndicating a slice of its €500m fundraising to Asian banks.

Beijing Gas Group Company and China Construction Bank (Hong Kong) have opened books for a fixed five year bullet and a three year floater, respectively.

India’s Corporation Bank has won approval from its board of directors to raise up to Rp35bn ($540.2m) in capital, according to an exchange filing on Monday.