Asia Pacific

Entertainment and gaming property firm Landing International Development is preparing a rights issue to raise HK$5.1bn ($662.9m), according to a filing with the Hong Kong Stock Exchange (HKEX) on Tuesday.

Bank of Communications Co has filed a draft prospectus for the spin-off and listing of its investment banking arm BoCom International in Hong Kong, according to an announcement on the city’s bourse.

London-headquartered Vedanta Resources is pursuing a new 5.5 year dollar transaction after more than three years out of the international market,. The new deal is taking place alongside a tender offer for two of the company’s existing notes.

China Development Bank Corp is kicking off the year with a bang, launching a euro/dollar dual currency bond across five tranches Tuesday morning.

State Bank of India, through its London branch, is selling a new senior dollar bond, getting its funding done before Donald Trump officially taking office on Friday.

Hong Kong’s FWD began marketing a new perp on Tuesday, returning to dollar market after a gap of more than two years.

Malaysian conglomerate Genting Group launched its debut dollar bond through subsidiary Genting Overseas Holding Company (GOHL) on Tuesday morning.

Cairn India is speaking to banks for a loan that will refinance borrowings that are due to mature over the next few years, bankers said this week. The company is looking to borrow through a Scotland incorporated subsidiary.

Morgan Stanley has received approval to increase its stake in its Chinese securities venture from 33.3% to 49%, according to a source with knowledge of the agreement.

Hong Kong should look to further strength its economic ties with China as headwinds from Trump’s anti-trade rhetoric threaten to disrupt the US-China relationship and Brexit creates an uncertain outlook for Europe.

With today’s upcoming Brexit speech by the British prime minister likely to throw up more doubts about London’s future as a financial centre, Parisian financial lobby Europlace says France’s message is clear: your business, including in renminbi, is welcome.

Hong Kong Exchanges and Clearing (HKEX) has gone live with a volatility control mechanism (VCM) on its derivative market to prevent extreme price volatility.