Asia Pacific

Rici Healthcare Holdings is looking to raise up to HK$1.12bn ($144.37m) in a Hong Kong float, as the trade opened books on Thursday.

I have often said the glamour that was once associated with banking has faded away and the recent antics of a good friend only illustrate my point.

The Singapore Exchange has signed a memorandum of understanding with Industrial and Commercial Bank of China to enhance the links between Singapore's and China’s capital markets.

Standard Chartered has given Kaustubh Kulkarni responsibility for Indian rupee bond syndicate, as the bank seeks fresh opportunities in local currency debt.

Veolia Environnement became the first French issuer to tap China’s onshore debt market this month, pricing its debut Panda bond on September 1. The firm was also one of the first corporates to be allowed to repatriate funds out of China despite existing capital controls, according to its treasurer.

Postal Savings Bank of China (PSBC) made waves in the market this week, bringing its HK$57.6bn ($7.4bn) IPO in Hong Kong to a close as a third of investors were zeroed from the world’s biggest float in two years.

Non-performing loans (NPLs) securitization is heating up with China Construction Bank (CCB) scheduled for a Rmb1.56bn ($234m) return on Friday, just three days after making its debut in the asset class. It will not be alone, with ICBC also set for a Rmb1.08bn offering on Friday, while China Merchants Bank will cement its third appearance next week.

UK motor and lubricant oil producer Castrol has raised Rp18.1bn ($270.1m) from a sale of its stake in Castrol India. The deal suffered from slippage after the leads missed the block window that protects such trades in the open market.

South Korea’s IPO market is on track for a surge of issuance, as Doosan Bobcat and Samsung BioLogics prepare to list in the fourth quarter. Mid-caps are also lining up to float, giving a fillip to the country’s equity capital markets. Jonathan Breen reports.

China Cinda Asset Management Co is set to be the first of the country’s four state-owned bad debt managers to hit the bank capital market for a dollar additional tier one trade.

China Petrochemical Corp, also known as Sinopec, is back in the debt market less than five months after its last transaction, and is seeking out a triple-tranche dollar trade.

National Australia Bank and Credit Suisse have both received the approval of investors to change terms of their existing covered bonds.