Asia Pacific
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Tsinghua Unigroup, part of Chinese state-owned Tsinghua Holdings, is set to sign its debut international loan at $701m — more than twice the launch size of $300m.
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State Bank of India has increased its latest fundraising in the syndicated loan market to $750m, fully exercising a $150m greenshoe. Allocations to the foreign branches of Indian banks accounted for 40% of the final facility.
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Singapore-listed commodities trader Noble Group returned to the international bond market on Monday after a hiatus of nearly three years. Despite the continuous noise around the credit, investors appear to have put the company’s past behind them as they piled into the $750m deal.
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Chinese firm Inner Mongolia Energy Engineering Co is vying for approval to list in Hong Kong, according to a filing on Monday.
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Indian film maker and distributor Eros International has launched its maiden dollar bond with books building quickly during the Asia morning, as it competes with Export-Import Bank of China.
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The CEO of HKEX may be keen for Saudi Aramco to list in Hong Kong but as our columnist Clawback explains, there are more reasons for the Saudi oil giant to bypass the city’s exchange than to pick it for a listing.
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Singapore-listed Ascott Residence Trust has kicked off a fully underwritten renounceable rights issue to raise S$442.7m ($313.7m), as it seeks to buy its first property in Frankfurt.
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Natixis is rebuilding its DCM team in Asia Pacific following some high profile departures since last year.
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India’s Power Finance Corp has reached out to overseas lenders for a $100m-equivalent borrowing in euros. Its request for 10 year money follows an attempt at a fundraising in 2016 that was scrapped because of mandatory hedging requirements.
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Gome Electrical Appliances Holdings became the first Hong Kong-listed consumer electronics retailer to sell dollar bonds, bagging $400m from a tightly priced but popular deal last Friday.
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Sri Lanka has sent out a request for proposals for its 2017 fundraising in the international bond market, giving firms until 3pm local time on Thursday to respond.
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Hong Kong-based non-bank financial firm AMTD is looking to list its investment banking (IB) arm on top of the planned IPO of its insurance division, according to sources.