Asia Pacific

Chinese companies Shui On Land and Biostime International are looking to raise funds from the dollar debt market, launching their respective deals on Monday morning.

Malaysia’s first IPO of size this year priced comfortably at the top of indications, raising MR584.1m ($130.5m) for Serba Dinamik Holdings.

The Trump presidency begins without China being labelled a currency manipulator, RMB keeps strengthening against the dollar, and the State Administration of Foreign Exchange emphasizes stability over reform.

Zhuhai Huafa Group Co on Thursday rolled out a three year dollar offering. It was not an easy task to find a direct comparable due to the debut status of the issuer and its credit strength compared to some other names, admitted bankers.

Dasin Retail Trust, which sealed the year’s first mainboard listing on the Singapore exchange earlier this month, has signed a loan that backed the IPO. The deal had four lead banks, which brought in three participants during syndication.

India’s Cabinet Committee on Economic Affairs (CCEA) has given the go-ahead for the listing of five state-owned non-life insurance companies, according to an announcement by the committee on January 18.

Debut Indonesian issuer Pan Brothers ventured out to the market Thursday, pricing a $200m five non call three deal, paving the way for more Indonesian high yield issuers.

Mainland brokerage Guotai Junan Securities Co is looking to follow its peers and list south of the border, according to a draft prospectus filed by its Hong Kong-listed subsidiary Guotai Junan International.

In this round-up, index provider FTSE Russell adds two new Chinese A-shares indices, the mutual recognition of funds (MRF) scheme sees sales of Hong Kong funds retreat in December, and the Hong Kong Monetary Authority adds nine partners to the Belt and Road-linked Infrastructure Financing Facilitation Office (IFFO). Plus, a recap of our coverage.

Securities Commission Malaysia has come out with a new framework for the listing of mineral, oil and gas (MOG) firms, the regulator said.

Hong Kong Airlines, whose biggest shareholder is China’s HNA Group, was marketing a senior perpetual non call 3.5 year bond on Friday, driven by anchor interest.

DBS Bank issued its long-awaited debut euro benchmark this week with a choice of tenor and pricing that worked well for for the Singaporean lender. It may return later this year.