Asia Pacific

Lenders that have chipped in for Bank Negara Indonesia’s $750m facility can expect to be scaled back by close to 50% of their original commitments, said bankers close to the trade. Allocations are due to be announced in the next few days.

Corporate and investment banks in Asia Pacific saw their revenues shrink 7% in 2016 compared to just a 2% fall for global CIBs, according to Coalition.

Indonesia’s Bowsprit Asset Management has extended the bookbuilding period for the potential Rph2.45tr ($183.4m) IPO of Dire Bowsprit Commercial & Infrastructure, according to a source at the asset manager.

Singapore-listed commodities company Noble Group, ICBC International and China SCE Property Holdings were out of the gates on Monday morning for new dollar outings, coming before a widely expected Federal Reserve rate hike this month.

China Huiyuan Juice Group is tapping the offshore market for a €150m three year amortising term loan, about a year-and-a-half after making its international debut in the currency with a bond.

The National People's Congress changed its tone on FX reform, spot markets strengthen at the start of the week, and the China Securities Regulatory Commission (CSRC) continues to push for MSCI's inclusion of A-shares in global indices.

Shipping loans are already a problem asset class for many banks, but lenders are risking further problems by failing to do proper due diligence on how the shipping fleet will cope with decarbonisation, experts believe.

Hindalco Industries’ Rp33.4bn ($500m) overnight fundraising was an unqualified success, with some $1.5bn of orders flooding in from global accounts, according to bankers on the trade.

ICICI Bank made an opportunistic move on Thursday, snagging a 5.5 year bond at the tightest spread for an Indian lender in nearly a decade.

Hong Kong clothing manufacturer Crystal Group and Shenzhen Eyeis Ophthalmic Medical Co are looking to float for a combined $1bn, according to a banker familiar with the matter.

Apollo Hospitals Enterprise continued the run of block trades in India with a Rp10.7bn ($160m) transaction closing well covered on Friday, although its shares took a hit in secondary.

China South City Holdings raised $300m on Thursday in a deal that was described as relatively straightforward, thanks to the fact that the property developer has already established a debt curve.