Asia Pacific

South Korea’s Shinhan Bank secured a tightly priced $500m deal on Tuesday, taking advantage of an otherwise quiet market as well as the Monday success of Korea National Oil Corp.

Huarong Investment Stock Corp is in the market for a HK$3bn ($386m) dual currency syndicated term loan with Credit Suisse at the helm.

Raymond Li has joined Bank of Tokyo-Mitsubishi UFJ as its new head of financial institutions for east Asia, jumping ship from BNP Paribas.

Hong Kong-listed Fosun International is set to return to the syndicated loan market to refinance a $800m deal raised two years ago, according to a banker.

State Bank of India and mortgage firm Housing Development Finance Corp are both planning offshore bonds this year, with the former eyeing foreign currency and the latter rupee.

Chinese company Anta Sports Products raised HK$3.79bn ($487.9m) from a top-up share placement on Tuesday, but saw its shares plummet in the aftermarket on the back of poor performance in US markets overnight.

Eco World International priced Malaysia’s largest IPO so far this year to raise MR2.6bn ($578.5m) on Tuesday, in a deal that saw domestic investors piling in.

The Republic of Indonesia launched a two-tranche sukuk on Wednesday, offering investors five and 10 year dollar options for its annual pursuit of Islamic financing.

China Zheshang Bank Co is out with its maiden international additional tier one, while Xinjiang Guanghui Industry Investment (Group) Co, the largest shareholder in China Grand Auto, is prepping for its offshore debut.

Kunming Dianchi Water Treatment Co has started pre-deal investor education for a Hong Kong IPO that could raise $200m, according to a source close to the transaction.

WHA Utilities and Power’s Bt6.02bn ($173m) IPO is being pitched as a different kind of utility stock, offering a rare growth story instead of the usual defensive angle, according to bankers.

Korea National Oil Corp (KNOC) took advantage of the positive market on Monday to price three $500m tranches of new notes at an attractive price, while still offering investors some cushion on the fixed rate portions.