Asia Pacific
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Things kicked off with a weaker dollar fix by PBoC, while China’s banking authority got a new chairman last week, and the securities regulator said it will increase foreign ownership limits for China brokerage ventures. -
Indonesia’s Sarana Menara Nusantara said this week that one of its shareholders is planning to sell a stake in the company worth at least Rph1.7tr ($127.5m) at current market prices.
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The Indian government has raised Rp16.7bn ($250.5m) by selling a portion of its stake in Bharat Electronics through a popular offer for sale.
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China Orient Asset Management International Holdings, which tapped the offshore loan market in July last year, has returned for a $300m dual-tranche facility.
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Shanghai-listed ENN Ecological Holdings has hit the loan market for a $200m two year facility, offering hefty pricing for a relatively short tenor.
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Credit Suisse has given two senior bankers responsibility over its private banking operations in India, the firm said on Friday.
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In this round-up, Malaysia gets its first renminbi qualified institutional investor (RQFII) licence, RMB payments continue to drop, and China calls for more local governments to issue free trade zone bonds. Plus, a recap of our coverage this week.
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Industrial Bank of Korea has bagged W193.5bn ($171.4m) after cleaning up its position in Korean hypermarket chain E-Mart, according to a term sheet seen by GlobalCapital Asia.
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India's Barbeque Nation Hospitality has picked one international and one domestic bank to lead its planned IPO, with the deal slated for this year.
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Korea National Oil Corp will host a global roadshow next week ahead of a new international bond, to be sold in dollars and/or euros.
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Shareholders and bondholders should pressurise banks to clean up their acts on climate change, sustainable finance experts said this week.
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The Bank of England plans to start later this year examining more closely the banking sector’s exposure to risk from climate change. That means banks will have to start telling the regulator more about the risks they face and how they manage them.
