Asia Pacific
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The rising tide of capital outflows from China has left experts debating Beijing's best course of action. While there are a number of options, none are likely to generate long-term confidence in the renminbi. -
New World Development Company, via its wholly-owned subsidiary New World China Land, sold a $600m 10 year bond on Tuesday, the first time it had opted for such a long tenor, according to bankers.
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BPRL International Singapore has paved the way for Indian debt issuers this year, bagging $600m from a well-received debut on Tuesday.
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Citi has made two new appointments in its research division, including a senior hire from Jefferies, according to a memo seen by GlobalCapital Asia.
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Indian power company NTPC and Malaysia’s Genting Overseas Holding Company are planning their respective debut outings, with the former seeking euros and the latter dollars.
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A group of seven lenders opened a $600m loan for State Bank of India to retail participation this week, with three tickets up for grabs.
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India’s government is making its divestment process in state-owned firms more transparent by creating two new information-sharing platforms.
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India’s Adani Ports and Special Economic Zone and China’s Taikang Insurance Group are drawing investors’ attention to their respective dollar offerings on Wednesday.
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Bank Negara Indonesia has hit the market for a $750m borrowing via nine mandated lead arrangers and bookrunners, launching its biggest international syndicated loan.
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Pakistan International Airlines (PIA) has tied up funds totalling $130m via a syndicated loan facility.
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Wisdom Education International Holdings Co is set to start taking orders for its Hong Kong IPO on Thursday and is eyeing up to $150m, according to a banker close to the transaction.
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Indonesia’s tiff with JP Morgan has brought the country unwelcome attention. While it is right to protect its own markets from instability, doling out punishments to the US bank undermines its reputation as a sophisticated, transparent country — qualities that could deter the international investors it has so successfully attracted.
