Asia Pacific

Right Lane, a subsidiary of Chinese conglomerate Legend Holdings, has approached the loan market for a $350m borrowing.

Temasek-owned Mapletree Investments is preparing a perpetual bond, hiring two firms to work on the transaction. The currency is yet to be decided, but the firm is mulling between US and Singapore dollars.

Morgan Stanley and UBS are looking to bump up their stakes in their respective securities joint ventures in China to the maximum 49%, said sources from both banks.

The People’s Bank of China (PBoC) went into reverse gear on Monday, weakening the dollar fix by 0.9%, China’s foreign currency reserves cling on to the $3tr level, and Shenzhen Connect sees slow but steady foreign interest.

Indiabulls Housing Finance has returned to the loans market for an up to $150m facility. The deal is denominated in yen and dollars, and follows a $200m borrowing sealed late last year.

China’s Jilin Jiutai Rural Commercial Bank has bagged HK$3.0bn ($386.9m) after pricing its IPO near the bottom of guidance.

South Korean flag carrier Korean Air is planning a share sale that could raise W450.0bn ($378.0m), according to a filing with the Financial Supervisory Service on Thursday.

Chinese real estate related e-commerce firm Fang Holdings is accessing loan market liquidity to refinance debt, mandating one Taiwanese lender to helm a $120m fundraising.

The Republic of Indonesia is seeking bank proposals for a new dollar sukuk, with plans of returning to the Islamic finance market nearly a year after it priced a record dual-tranche bond.

It was a year of opposite fates for Panda and dim sum bonds in 2016 with the former reaching record heights and the latter pretty much left on the sidelines. In our first outlook piece of the year, GlobalRMB reached out to several experts to get their thoughts on what the future holds for both asset classes.

Taikang Insurance Group has mandated nine banks to arrange a dollar-denominated offering, with roadshow starting on January 9.

Dasin Retail Trust has thrown open books to its S$146m ($102m) listing in Singapore, kicking off the southeast Asian IPO market for 2017.