Asia Pacific

Just two months after its last outing, China Huarong Asset Management Co has returned to bond market with a new three year and a senior perpetual.

Citi has named Ian Campbell a managing director and head of DCM for Australia and New Zealand, according to a memo seen by GlobalCapital Asia.

The Republic of the Philippines launched a 25 year dollar transaction Wednesday morning, returning to the market for its regular start of the year deal.

China Energy Reserve and Chemicals Group is making its debut in the offshore loan market with a deal of up to $400m launched by a single mandated lead arranger and bookrunner on Tuesday.

Taiwan-listed Nanya Technology Corp is in the market for a $500m zero coupon convertible bond, launching the trade on Tuesday evening.

The Republic of Poland is looking to become the first repeat sovereign issuer of Panda bonds as it seeks to raise Rmb3bn ($435m) this year.

Zhuhai Huafa Group Co, rated BBB by Fitch, is eyeing its debut dollar-denominated bond.

Sogo department stores operator Lifestyle International is eyeing HK$9bn ($1.16bn) loan to finance a project coming up on a plot of land the company acquired last year. Discussions for the loan have been ongoing since November.

Yanlord Land Group’s decision to wait until the New Year to return to the bond market paid off handsomely. Launching into a less volatile market on Monday, the deal attracted a peak order book of $2.8bn and priced at a good level for the issuer.

Dasin Retail Trust has become the latest Chinese issuer to tap a Singapore listing, raising S$146m ($102m) in its IPO last week. While mainland-sponsored trusts have enjoyed relative fundraising success in the city-state, they have stuck to a tried and tested formula. Future issuers should break the mould.

Times Property Holdings made a successful return to the international debt market on Monday with a $375m bond, benefiting from a strategy of starting with a generous initial guidance before slashing it by almost 40bp.

Malaysia’s Federal Land Development Authority (FELDA) has bagged MR281.7m ($63.1m) after offloading a chunk of its shares in Maybank, according to a source close to the deal.