Asia Pacific

The World Bank began meeting investors this week for a landmark bond denominated in the IMF special drawing rights (SDR), after it gaining approval from the People’s Bank of China. More issuers are lining up to sell SDR bonds, with each trade likely to have unique features.

A $3.5bn dual-tranche borrowing to back Tencent Holdings' acquisition of an up to 76.9% stake in Supercell has gone into general syndication.

India’s insurance regulator is proposing to make IPOs mandatory for all insurers that have been in operation for a certain number of years, in a bid to increase their transparency.

Six foreign investors have become the first to gain unrestricted admission to the China interbank bond market (CIBM), according to a recently published list.

India’s Aditya Birla Nuvo is planning to merge with Grasim Industries and in the process spin off its financial services business, according to a statement from their parent Aditya Birla Group.

A power plant construction firm from Indonesia and an equipment and infrastructure finance company from India are raising debt worth a collective $125m.

Yuexiu Property has announced the results of its cash tender offer amid concerns over its financial metrics and a possible downgrade to non-investment grade status.

The Ministry of Finance of the Republic of Poland has mandated Bank of China and HSBC as joint lead underwriters to work on the sovereign’s upcoming Panda bond.

Vietnam Engine and Agricultural Machinery Corp is set to raise at least D2.4tr ($107.6m) from a listing as it tees up the country’s largest IPO so far this year.

The Yangon Stock Exchange has given the go ahead to Myanmar Citizens Bank (MCB) to float on the bourse, which will make it the third entity to do so.

It has been a brave new world for the renminbi since the People's Bank of China (PBoC) shook global markets with its surprise devaluation just over a year ago. But while there are signs that things have moved in the right direction, it seems a little early to trumpet the move as a policy success.

China Aircraft Leasing Group returned for a new dollar-denominated bond on Monday, less than four months after its inaugural appearance in the G3 debt market.