Asia Pacific

Hong Kong is seeking to position itself as a financing hub for infrastructure in the wake of China’s Belt and Road scheme. As a result, the HKMA established the Infrastructure Financing Facilitation Office (IFFO) in July 2016 to connect the organisation with financial institutions, service firms and corporates active in the sector.

In an interview with GlobalRMB, Vincent Lee, executive director, Hong Kong Monetary Authority, laid out HKMA’s plans for the future of Hong Kong as an offshore RMB hub, and for the recently created Infrastructure Financing Facilitation Office (IFFO), which he oversees.

BMW Automotive Finance (China) is looking to squeeze in one last auto loan ABS this year as it prepares to launch its Rmb4bn ($581m) Bavarian Sky China 2016-2 on December 1.

ANZ has promoted Paul White and Jimmy Choi to co-heads of capital markets, giving them responsibility over debt origination and debt syndicate across all markets.

Volkswagen Financial Services completed its fifth, and to date largest, Chinese auto loan asset-backed securitization fetching Rmb4bn ($581m) from its Driver China five transaction on Tuesday.

Oversea-Chinese Banking Corp has become the last of the three big Singaporean lenders to pave the way for a covered bond, announcing a $10bn programme on Wednesday.

Shaanxi Xixian New Area Fengxi New City Development and Construction (Group) Co was the lone name out in the Asia dollar debt market on Thursday following a frenzied start to the week.

Hong Kong’s Dah Sing Bank raised $250m from a tier two deal on Tuesday, finding support from investors that were familiar with its credit.

Ping An Real Estate raised $300m in its debut deal, relying on the security of anchor investors before opening its trade on Tuesday morning.

Selfie touch-up app Meitu is just days away from launching what will likely be the largest technology listing in Hong Kong since 2007, having started feeling out demand for a $750m IPO.

Malaysia’s Public Bank is returning to the loan market for a $500m five year deal via sole mandated lead arranger and bookrunner Standard Chartered.

Studio City Company, which runs a gambling and entertainment resort in Macau, hit the jackpot on Tuesday as US investors poured money into both tranches of the company’s new bond.