Asia Pacific

Transportation Partners and China National Chemical Corp will meet fixed income accounts for their respective dollar bonds, while names like Poly Culture Group Corp, Macrolink Culturaltainment Development Co, Oceanwide Holdings Co and Jiangxi Ganfeng Lithium Co are planning to go offshore.

Malaysia’s IHH Healthcare completed its exit from Apollo Hospitals Enterprise on Thursday, but not without some behind the scenes drama as rival banks tried to muscle in on the trade.

Chinese mobile phone maker Xiaomi, which sounded out lenders to refinance a syndicated loan raised in 2014, has sent out terms for the new facility to retail banks.

International Bank of Azerbaijan’s Eurobonds took a hammering this week as investors’ hopes of escaping a debt restructuring without a haircut dimmed.

Wednesday’s sharp fall in the S&P 500, as the political storm around US president Donald Trump’s links with Russia intensified, has not turned into a market rout... yet. Equities bankers, indeed, are convinced it is a blip, saying investor appetite for stocks remains strong.

ANZ appoints head of south, SEA DCM — CS makes senior hires — ING Asia banker retires — Former equity-linked banker heads to SHK — BAML Apac M&A team sees changes — Guan tipped for top M&A role at Deutsche — Haitong International names executive director

Chinese and other Asian banks are catching up with Western rivals in the emerging market loan market and, as Bianca Boorer reports, look set to keep growing their market share.

Chinese banks are set to take up a bigger market share when it comes to financing M&A in 2017, building on their dominant presence in the Asian loan market last year. The stage is set for more collaboration between Mainland and international banks, according to panellists speaking at a leveraged and acquisition finance conference in Hong Kong on Wednesday. Shruti Chaturvedi reports.

JP Morgan has reshuffled its senior investment banking team in Asia Pacific, with changes spanning ECM, DCM and M&A.

Vietnam Prosperity Joint Stock Commercial Bank is drumming up interest for its planned IPO, set to be one of the largest in the country at $250m. The trade is already in hot demand, as foreign interest in the country grows and domestic investors seek out more stocks. Jonathan Breen reports.

The Republic of the Maldives is looking to raise $200m from its debut international bond this year. Market watchers reckon the planned deal falls in line with China’s Belt and Road initiative, mirroring Sri Lanka’s choice earlier this month to hire Chinese banks for its dollar trade. Morgan Davis reports.

Companies in India are once again turning to qualified institutional placements (QIPs) to meet their fundraising needs, as issuers take advantage of a liquidity driven rally.