Asia Pacific

SOCAM Development raised $200m from the sale of a new three year bullet on Thursday, the issuer’s debut international bond.

A $120.6m borrowing to support an acquisition by Indian company Tata AutoComp Systems was signed this week, with 16 lenders joining the two mandated lead arrangers and bookrunners.

China Southern Power Grid Co (CSG) sold $1.5bn of notes across two tranches on Thursday, opening its transaction a day after State Grid Corporation of China sold a massive $5bn deal that put off some investors.

China Petroleum & Chemical Corp’s board of directors has given the go ahead to spin off and list subsidiary Sinopec Marketing Co, according to an announcement by the parent on Friday.

Law firm Norton Rose Fulbright has named 41 partners globally in its latest promotion round, with three of the appointments in Hong Kong.

Landesbank Baden-Württemberg (LBBW) is set to engage with fixed income accounts in Singapore for a potential Basel III tier two offering.

As capital outflows subside, Chinese regulators could reopen two important channels of outbound investment this year, according to the new report from Standard Chartered and Z-Ben Advisors.

Dongfeng Nissan Auto Finance is set to make its annual return to the Chinese ABS market with a Rmb4bn ($580.59m) VINZ 2017-1 Retail Auto Loan Securitization.

The International Finance Corp and fund manager Amundi have announced plans for a $2bn fund to buy green bonds issued by emerging market banks — one of the most promising moves yet to help the global interest in green bonds actually make a difference to the environment.

The launch of India’s first infrastructure investment trust is a week away but the excitement is already at fever pitch. IRB InvIT Fund aims to raise Rp46.5bn ($727.4m) from its IPO and will set the stage for a market that has huge growth potential, with its success already seeming all but certain, writes John Loh.

The potential sale of Toshiba’s multibillion dollar flash memory arm is drumming up interest among banks that are looking for opportunities to finance the bidders. Depending on the outcome of the sale, the transaction could result in big business for European, Taiwanese and Japanese lenders, said market observers. Shruti Chaturvedi reports.

I remember the days when deal pitch books were hard work but simple. We spent our time slaving away on the preparation, focusing purely on the substance of our message. But technology has ruined bankers now, making them far too reliant on the appearance of their perfectly crafted presentation slides.