Asia Pacific
-
Allocations are out for a dual currency financing to back Indian company Intas Pharmaceuticals’ acquisition of a portfolio of assets in the UK and Ireland. -
Chinese real estate developer Xinhu Zhongbao Co is looking for a window for its inaugural international outing, with a roadshow set to take place next week.
-
One of the sons of Lotte Group founder has sold a chunk of his shareholding in Lotte Shopping Co through an accelerated bookbuild, netting W391.2bn ($341.8m) in the process.
-
BBVA sold down part of its holdings in China Citic Bank Corp for HK$4.6bn ($587.2m) on Wednesday, taking advantage of an unexpected rally in Chinese banking stocks.
-
Latin American trade bank Bladex is once again returning to the Asian loan market for a four year deal, marking its longest tenor borrowing from the region so far.
-
China Forestry Group Corp and local government financing vehicles from Xinyi and Tieling are among the issuers waiting for a green light from the National Development and Reform Commission to sell foreign currency debt.
-
Cathay United Bank has hired a senior banker from DBS to helm its corporate banking operations in Hong Kong.
-
The Reserve Bank of India has further opened up investment into Masala bonds by allowing new types of investors to access offshore rupee notes.
-
Chinese property developer Yanlord Land Group has rolled out its $600m dual-tranche financing into general syndication.
-
In this round-up, the RMB is hangs on to its gains in the FX market, China sees RMB trade settlement sink to a four-year low, and Hong Kong Exchange (HKEX) is preps launch of offshore RMB (CNH) options contracts. Plus, a recap of our coverage this week.
-
-
Japan Bank for International Cooperation (JBIC) made a rare appearance in three year dollars this week, opening the way for its peers to follow. But there is little in the dollar pipe from Japanese or any other SSA issuers — all of which are well funded — after a week when US rate expectations were jolted by comments from Federal Reserve chair Janet Yellen.
