Asia Pacific

The International Bank of Azerbaijan (IBA) has signed its annual loan refinancing, increasing the deal from $150m to over $200m in syndication, according to a banker on the deal.

Aluminum Corporation of China (Chalco) raised $500m from a perpetual non-call five year bond on Monday, managing to woo investors against a volatile backdrop.

Standard Chartered may be penalised by the Hong Kong Securities and Futures Commission (SFC) for its role as a joint sponsor on an IPO from 2009, amid a wider crackdown on banks by the market watchdog.

Two Chinese banks and one Taiwanese lender have banded together to supply a $630m leveraged buyout financing to support Carlyle’s acquisition of VXI Global Solutions.

Clearstream launched the China Bond Link on October 17, which is designed to connect overseas investors with the China interbank bond market. The firm expects to see growing interest in China fixed income as a result of broader RMB adoption, a spokesperson for the central securities depository told GlobalRMB.

Central China Real Estate has extended bookbuilding for its bond by one day after experiencing lukewarm demand. A combination of a volatile market backdrop, the company’s weakened financial performance and overly ambitious price guidance put investors off from committing.

South Korea’s Clio Cosmetics Co has raised W184.5bn ($161.9m) from a successful IPO, pulling off the deal even as controversy around the country’s president shakes market confidence, causing some local investors to stay away.

Euronext and the Shenzhen Stock Exchange (SZSE) signed an agreement last month to increase the public profile of small and medium sized technology enterprises listed on both exchanges. This is the latest in a series of initiatives between the two parties which Lee Hodgkinson, Euronext’s head of markets and global sales, said is part of a strategy to bring Europe closer to China.

Wuhan Metro Group and Jiangsu Zhongguancun are the latest Chinese corporates to launch inaugural dollar bonds, while Huishang Bank has issued a mandate for additional tier one, it’s first offshore transaction.

ANZ has moved a senior loan syndications banker to a new position to strengthen its leveraged and acquisition finance offerings in south and southeast Asia.

China’s Datang Environment Industry Group Co has launched bookbuilding for a potential HK$2.6bn ($330.1m) listing on the Hong Kong Stock Exchange — its second attempt at floating in the city.

Fast food operator QSR Brands is seeking an IPO to raise more than $500m in Malaysia next year, mandating three local and two international banks.