Asia Pacific

Oman’s sovereign wealth fund is in the market for a $600m loan to support its acquisition of a stake in Oman Telecommunications, and is tapping Asian liquidity for the first time. With several Gulf nations making efforts to contain budget deficits, including by selling assets, borrowers from the region could be ones to watch. Shruti Chaturvedi reports.

HSBC is overhauling the leadership of its leveraged and acquisition finance and sponsor coverage teams in Asia Pacific, with some senior changes taking place this week. While sources emphasised this does not signify a retreat, the moves have put a focus on what some consider a somewhat “static” job market for acquisition and leveraged finance in the region. Shruti Chaturvedi reports.

Chinese digital map provider NavInfo has hit the syndicated loan market for €110m to fund its acquisition of a stake in a European target.

Credit Suisse named one of its most senior investment bankers in Asia Pacific as China CEO this week, putting him in charge of a strategy increasingly focused on wealth management and China. The move came as the resilience of the bank's regional and integrated model continues to be tested, writes John Loh.

We bankers love to whinge about our bonuses, or what we see as a lack thereof. But when a young friend of mine told me he felt sorry for some chaps at banks that weren’t getting any bonuses this year, I couldn’t help but laugh.

Reliance Infrastructure has begun gauging investor appetite for a potential Rp30bn ($448.1m) IPO of its infrastructure investment trust, according to a banker familiar with the matter.

Kunming Dianchi Water Treatment Co has refiled a draft prospectus for its Hong Kong listing, after first submitting a proposal to the stock exchange in August 2016.

A subsidiary of Indonesian conglomerate Lippo Karawaci is bookbuilding for a potential Rph2.45tr ($183.8m) IPO of Dire Bowsprit Commercial & Infrastructure.

The Singapore Exchange is consulting the public on whether to introduce a dual-class share (DCS) structure and if so what safety measures it should employ, it said on Thursday evening.

Bank of China taps new loans head — Maybank Kim Eng loses HK/China CEO — UBS adds three to equity sales trading, derivatives

Chinese borrowers are itching to take advantage of cash rich investors in the offshore debt market but many have been delayed by the country’s registration process. This is leading to speculation that the National Development and Reform Commission (NDRC) is trying indirectly to control the outflow of capital. Morgan Davis reports.

DBS Group Holdings has reported its lowest quarterly profit in two years, hit by a jump in provisions for bad loans, according to an announcement on Thursday.