Asia Pacific

Hong Kong-listed Li & Fung attracted $4.4bn in orders for its subordinated fixed-for-life perpetual on Thursday. The $650m deal’s success came despite Asia-ex Japan primary markets being extremely competitive with six other live deals.

Singapore-listed property developer Oxley Holdings has hit the market for a $200m senior secured financing.

Indomobil Finance Indonesia has returned to the syndicated loan market for a $100m borrowing after a break of nearly one and a half years.

Samsung BioLogics Co has priced its IPO at the top on the back of a surge in chunky orders, raising W2.25tr ($2.0bn) in South Korea's largest float since 2010.

In the wake of Brexit, the French financial sector is taking steps to make good on the threat of chipping away RMB business away from the City of London, Arnaud de Bresson, managing director at industry organisation Paris Europlace told GlobalRMB.

The Society for Worldwide Interbank Financial Telecommunication’s (Swift) latest RMB tracker shows that during the last two years, seven new countries are using the renminbi for more than 10% of their direct payments with China and Hong Kong.

Australia and New Zealand Bank has mandated leads for a European roadshow in what will be its first covered bond in two years, while Turkey's Yapi Kredi's first covered bond series was assigned a rating by Moody's.

Malaysia’s Yinson Holdings doubled the size of the increase option on its overnight share sale, allowing its shareholders to raise MR420m ($101m) on Wednesday.

Bank of China is gearing up for another milestone as it starts marketing China’s first green covered bond. While the structure of the dual recourse notes is unlikely to appeal to traditional covered bond investors, the trade underpins Beijing’s commitment to lead innovation in socially responsible financing. Lorraine Cushnie reports.

Chinese logistics company ZTO Express priced its $1.4bn IPO on the New York Stock Exchange on Wednesday, marking the largest float from a Mainland firm in the US since 2014. And its successful listing is expected to boost the number of Chinese firms heading to the United States, writes Jonathan Breen.

HSBC has tapped a senior investment banker from Credit Suisse to lead a division of its private bank, naming Johnny Liu as managing director and regional head of global solutions group (GSG), Asia Pacific.

A HK$4.851bn ($625m) leveraged buyout financing to back the acquisition of Wharf T&T by MBK Partners and TPG Capital has entered limited syndication.