Asia Pacific

Standard Chartered has created a new head of bond syndicate position in Asia, tapping Li Chao to the role, according to a bank spokesperson.

ANZ has taken yet another step to simplify its business and improve its capital efficiency, offloading UDC Finance, the asset finance business of wholly-owned ANZ Bank New Zealand.

Taikang Insurance Group had no problem finding demand for its debut, gathering $2.4bn worth of orders at its peak for a $800m bond on Wednesday. The deal is only the second from a Chinese name and the first from a financial credit in Asia ex-Japan in the New Year.

Dasin Retail Trust has sealed 2017's first mainboard listing on the Singapore Exchange, raising S$146m ($102m) via a fixed priced offering.

BPCE has filed documentation allowing it to issue total-loss absorbing capacity (TLAC) eligible senior bonds in the Samurai market, and the first ever yen-denominated non-preferred issue could arrive as early as next week.

Corporates from Hong Kong, China and Singapore were clamouring for investors’ attention on Thursday for their respective offerings.

The Republic of Korea is set to be the first Asian sovereign to sell bonds in the New Year, marketing a dollar-denominated 10 year on Thursday morning.

The Thailand Futures Exchange (TFEX), which enjoyed a 72% growth in trade volume last year, is set to add futures on 24 stocks.

Sumitomo Mitsui Financial Group (SMFG) was looking to sell a five year bond from its holding company on Wednesday, remaining the only Japanese ‘mega bank’ to look to euros for its total loss-absorbing capacity (TLAC) requirements.

South Korea is expecting a strong flow of IPOs in the first half of 2017 as a choppy end to last year delayed many companies from launching deals. But there is some concern among ECM bankers that a burst of listings could clog up the market.

The Indonesian ministry of finance has announced new regulations mandating bond dealers to act in accordance with the country’s best interests, effective immediately.

The names of banks that subscribed to China Universal Leasing's Rmb2.03bn ($293m) fundraising is out. The company signed the loan on January 6 and the first draw down is expected to happen as early as Friday.