Asia Pacific

India’s L&T Technology Services and ICICI Prudential Life Insurance Co have made headlines this week with their respective IPOs, with the former aiming for Rp8.9bn ($132.9m) and the latter Rp60.6bn.

HSBC has named Jackson Tai, the former Asia Pacific chairman of JP Morgan and chief executive officer of DBS, as an independent non-executive director of its board.

Industrial Bank Co has thrown open books for a dual-tranche dollar offering following a series of fixed income investor meetings at the start of the month.

Postal Savings Bank of China has started taking orders for a Hong Kong IPO that could be worth HK$62.7bn ($8.1bn). Set to be the world’s largest float in two years, the deal is going to add about $130m in fees to the underwriters’ coffers.

Reliance Sibur Elastomers, a subsidiary of India’s Reliance Industries, has bagged a $330m term loan with a 10 year tenor, marking one of the longest dollar loans in Asia ex-Japan in almost a decade.

Silk Road bonds (SRBs) could boost the popularity of the renminbi as well as address emerging markets infrastructure shortages, according to panelists at a forum by credit agency Dagong and the International Capital Markets Association (ICMA). But giving the instruments the proper policy support will be key to their success.

DBS Bank in Singapore has mandated leads for a roadshow to market its first euro-denominated covered bond, and the second from a Singaporean lender in euros.

A group of 11 Indian banks have a total capital adequacy ratio that is either at or lower than the minimum required by the end of the 2019 fiscal year, according to a report published by Fitch Ratings on Monday.

India’s Motherson Sumi Systems has increased the size of its qualified institutional placement to Rp20bn ($300m) on the back of strong investor interest, despite hitting the market immediately after Yes Bank pulled its transaction.

HSBC looked set to follow Standard Chartered in issuing yen-denominated senior bonds from its holding company, as the country’s regional investors weigh up the benefits of buying into riskier transactions.

China's Redco Properties Group has signed a $130m three year loan with a group of lenders, it said in a Hong Kong stock exchange filing.

Silk Road bonds are one of the latest gimmicks bankers are trying to promote with an event dedicated to the topic taking place in Hong Kong last week. While the concept of the bonds, linked directly to China’s ambitious Belt and Road initiative, is promising, proper guidelines need to be in place for the product to take off.