Asia Pacific

Car has entered the Panda bond market with a rare public deal on the Shanghai Stock Exchange (SSE). Wilson Li, CFO at Car, told GlobalRMB that the move will help the red-chip company build credentials in the onshore bond market.

China Southern Power Grid Co, China Minsheng Banking Corp and Hong Kong-listed SOCAM Development started taking bids for their respective dollars bonds on Thursday at the Asia open.

JP Morgan has given a boost to its equities business in Australia and New Zealand with the addition of three former Goldman Sachs bankers, according to a memo seen by GlobalCapital Asia.

Its ten years since China Development Bank sold the first dim sum bond and since then there have been many landmarks on the path to renminbi globalisation. Check out GlobalRMB’s new infographic for some highlights of the past decade.

India’s NTPC sealed a Rp20bn ($311m) five year Masala bond on Tuesday, as the country continues its struggle to develop the offshore rupee market.

China’s State Development & Investment Corp (SDIC) sealed a dual tranche offering on Tuesday, with the issuer’s state ownership, diversified investment portfolio and the moderate deal size ensuring a smooth debut.

Saka Energi Indonesia opened books for a seven year bullet on Wednesday, seeking dollars via a 144A/Reg S outing.

Bharat PetroResources (BPRL), the overseas arm of Bharat Petroleum Corp, has approached lenders for a $300m loan with a $100m greenshoe, said two bankers.

S Chand and Co has started bookbuilding for its Rp7.3bn ($112.8m) float in India after anchor investors took up 30% of the deal at the top of the marketing range.

Peer-to-peer lender China Rapid Finance is eyeing the bottom half of guidance for its US IPO, giving it a possible size of up to $105m, according to a banker working on the deal.

Hong Kong-listed Singamas Container Holdings has signed its latest syndicated loan at $270m, higher than the $250m it set out for when the deal was launched in late February.

Landing International Development has wrapped up a HK$5bn ($643m) rights issue, but a low turnout from shareholders meant one of the underwriters had to step in.