Asia Pacific

India’s divestment body has sent requests for proposals for IPOs and offer-for-sales in a range of power and infrastructure companies.

Korea Resources Corporation, or KoRes, is marketing a 144A/Reg S bond on Tuesday. The issuer was recently downgraded by Moody’s – a second time the agency dropped its rating in under a year.

China Southern Power Grid Co. is preparing investors for its debut dollar, 144A/Reg S deal.

Malaysia-based Lotte Chemical Titan has submitted a draft a prospectus for its upcoming IPO on the Bursa Malaysia, which is expected to raise at least $1bn, according to a source close to the deal.

Chinese regulators are keeping a tight control on offshore bond flows this year, as issuers report a lengthy registration process and an inconsistent approach to approvals. With borrowers itching to go offshore before the market backdrop becomes unreceptive, China’s overbearing approach could very well backfire.

Minsheng Financial Leasing has closed its latest syndication on a high note, with the loan increased to $335m as banks gobbled up the deal.

China’s National Development and Reform Commission (NDRC) announced a second batch of 11 firms as part of a pilot programme, which allows firms to choose their funding windows in the international debt market without needing to seek the regulator’s blessing.

Maikun Investment Co, part of Beijing Automotive Group (BAIC), has switched the currency on its $290m financing to euros midway through syndication.

China Everbright Greentech has opened the gates to its potential HK$3.3bn ($424.5m) IPO having already secured more than a third with cornerstone investors.

China’s economy grows faster than expected in the first quarter of 2017, the head of State Administration of Foreign Exchange (Safe) meets with the deputy governor of the World Bank, and Citic says demand for cross-border financing activity is on the rise.

Peer-to-peer lender China Rapid Finance has launched bookbuilding for its US listing, which could raise $115m, according to a termsheet seen by GlobalCapital Asia.

State Grid Corporation of China, China Huarong Asset Management Co and State Development & Investment Corporation have mandated banks for new bonds, with the latter making its debut in the international market.