Asia Pacific

Ecom, the Swiss commodities trader, has sealed a $500m one year revolver after banks piled in, helping it raise $100m more than planned.

Malaysia’s Cagamas Berhad kicked open the Tuesday market with the launch of a new dollar offering, while Saka Energi Indonesia announced its pursuit of a new dollar deal as well.

ONE Championship, the pan-Asia mixed martial arts promoter and media company co-founded by a former hedge fund manager, is in early discussions with banks about a planned global listing in the US.

A glimpse of the future has arrived with the publication of a report modelling the credit risk banks face from drought. The effect on loan portfolios could be severe — and the research illustrates the new kinds of risk management banks will have to do as the world’s climate becomes more volatile.

Dual-class share (DCS) listings could “threaten” the quality of Singapore’s equity capital markets, warn international investors in a report sent to the country's exchange.

Aluminum Corp of China, Peking University Founder Group, Beijing Enterprises Holdings and Singapore’s Oxley Holdings all walked away with new bonds on Wednesday, wrapping up a blockbuster issuance week ahead of Easter.

CMB Financial Leasing is in the market for a $350m bullet that launched via three leads on Thursday, according to a banker arranging the deal.

Rural Electrification Corp chose not to exercise the greenshoe option on its $230m five year borrowing, resulting in a huge scaleback for many of its lenders.

China Everbright International has finalised the offer terms for the spin-off and listing of its green technology arm, which could raise up to HK$3.3bn ($422.4m).

CCB Life Insurance Company on Wednesday sold a core tier two subordinated bond under China’s Risk-Oriented Solvency System (C-ROSS), becoming only the second issuer to do so. While the offshore market has seen increasing supply from Mainland insurers, the outlook for more core T2 issuance is unclear.

China Huiyuan Juice Group aims to bump up its latest borrowing to €280m after raising a larger than expected €160m last month.

Want Want China Finance is pursuing a new dollar bond offering, mandating banks for the deal this week.