Asia Pacific

Qantas Airways has wrapped up its latest borrowing at A$900m ($676m). The Australian carrier had held roadshows in Singapore, Hong Kong and Taipei and drew a response from Chinese, Singaporean and Taiwanese banks, among others.

Max Financial Services made a quick return to ECM with its latest overnight bookbuild raising Rp8bn ($124m) – although slippage was more severe this time around.

South Korean game developer Netmarble Games is set to rake in W2.7tr ($2.4bn) from its IPO as books were multiple times covered at the top of guidance, according to a banker on the deal.

India’s divestment body has hired banks to lead the IPO of state-owned reinsurer General Insurance Corp of India, which is expected in the fourth quarter of 2017, according to a banker on the mandate.

Fufeng Group has raised HK$777.0m ($99.9m) after selling a top-up placement of its shares through a subsidiary.

People’s Bank of China (PBoC) relaxed capital controls for the first time since 2015 last week, scrapping an order introduced in January. Experts say the move is an attempt to rebuild foreign investors’ confidence, and may even signal a return to full blown renminbi internationalisation.

S Chand and Co is set to raise Rp7.3bn ($112.8m) from its listing in India, with books scheduled to open on Wednesday.

Chinese property developer Greenland Holdings is accessing the loan market through a subsidiary called Gluon Xima International for a $250m three year bullet.

Bank of Gansu, a Chinese city commercial lender based in Lanzhou, has hired five banks to jointly sponsor its IPO in Hong Kong, sources said.

Fosun International has opened a tap of its March-issued $800m 5.25% 2022s, following reverse inquiry.

HCP Global has distributed its $540m facility among 17 banks, with mostly Taiwanese lenders receiving an allocation.

Wilmar International, a Singaporean agricultural firm, sold its first bond in three years on Wednesday.