Asia Pacific

South Korea’s Woori Bank printed a $500m Basel III additional tier one offering on Tuesday off the back of a modest $850m order book. Although the notes sold off a little bit in secondary, bankers on the deal reckon the issuer got away with a decent outcome ahead of expected market volatility.

Lippo Malls Indonesia Retail Trust priced a S$140m ($103m) perpetual non call five on Tuesday at a level that was considered fair value by both the issuer and investors.

Postal Savings Bank of China has raised HK$57.6bn ($7.4bn) from its Hong Kong IPO after pricing the shares off the bottom of the range, with allocations dragging late into Wednesday evening.

Chinese rubber and plastics producer Great Rich Technologies is preparing to float in South Korea for as much as W101.3bn ($90.8m), according to a filing with the Korean market regulator.

Dongxing Voyage, a wholly-owned unit of Dongxing Securities (Hong Kong), bagged $300m on Tuesday on the back of strong demand as a combination of anchor orders and indications of interest propelled the deal.

Trans Corpora has received commitments from two banks for a $150m three year senior secured term loan that launched into syndication in June.

Country Garden Holdings Co sneaked into the bond market on Tuesday with a $650m deal, finding an opportunistic window ahead of the US Federal Reserve and Bank of Japan’s decisions on monetary policies.

Sun Century Group is looking to scoop up HK$960.7m ($123.8m) from a three-for-one rights offering to repay outstanding loans.

Standard Chartered has expanded Kaustubh Kulkarni’s responsibilities within debt capital markets as the bank seeks fresh opportunities in local currency bonds.

The US is one step closer to becoming a renminbi hub with Bank of China New York officially appointed as the country’s first RMB clearing bank, a major development towards the internationalisation of the currency.

Hong Kong’s Securities and Futures Commission has begun consultations with market participants over plans to grow its futures and options market by relaxing trading position limits for listed derivatives.

Hong Kong and China-based fintech lender WeLab could be a sign of things to come in the Asian syndicated loans market as the start-up seeks out its debut borrowing. Some banks will no doubt cast off the industry as a fad and give it a miss. But now is as good a time as any to take a fresh look at fintech.