Asia Pacific

Guillaume du Cheyron, head of high yield bond origination and execution for Asia, has left Deutsche Bank.

China Construction Bank’s Singapore branch is set to price the first offshore renminbi (CNH) bond in over a month, after opening books for a two year trade.

China Universal Leasing is seeking Rmb1bn ($150.5m) onshore, with two mandated lead arrangers and bookrunners distributing the deal on a best efforts basis.

Bank of Communications Hong Kong branch made an opportunistic move this week to complete its second dollar bond outing of the year. Its floating rate note attracted a multiple times covered book, allowing it to increase the size of the deal while pushing down funding costs.

Ford Auto Finance (China) is set to launch its second auto ABS transaction of 2016 with a Rmb3bn ($450m) offering that is almost identical to its outing earlier in the year.

ONGC Videsh is seeking a loan of $800m to support its acquisition of an incremental stake in a Russian oil company.

It has been one year since China shocked the world with a new methodology for generating its official daily USD/CNY fix that caused a sharp fall in the currency. Market participants told GlobalRMB that the new regime has been a step up from the old system, but while more near-term reforms are unlikely, they are bracing for even more volatility.

Investment and merchant bank Ion Pacific has hired a managing director to help expand its coverage of cross-border opportunities between Asia and the West.

A $725m loan for Indonesia Eximbank has been allocated, with lenders that committed only to the shorter, three year tranche, experiencing a bigger scaleback than those that opted for the five year.

Chinese brokerage Changjiang Securities is looking to spin off and list its Hong Kong business, according to a statement from the firm on Tuesday.

Philippine property conglomerate SM Prime Holdings is planning to raise as much as $1bn with an IPO of a real estate investment trust (Reit).

Cement producer TCC International Holdings has decided to increase the size of its five year fundraising to $540m from $450m, exercising the full greenshoe.