Asia Pacific

The Securities and Exchange Commission of Pakistan (SECP) has approved legislation that will pave the way for the creation of clearing houses, in another boost for its capital markets.

India’s RBL Bank has fixed the price range and bookbuild dates for its IPO next week, which is set to raise Rp12.1bn ($180.6m).

Greenko Investment Company is building books for what will be India’s first dollar-denominated green bond by a corporate issuer. On the same day, BoCom HK has returned with a three year dollar floater.

China Minsheng Hong Kong International Leasing has hit the loan market for a fresh money borrowing of $200m, via two mandated lead arrangers and bookrunners.

Wisdom Education International Holdings Co is looking to list in Hong Kong via sole sponsor BNP Paribas, filing an A1 on Tuesday.

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

Eurofima has increased its January 2027 Kangaroo bond by A$20m ($15.4m), taking the total outstanding volume of the bond to A$95m. The smaller sized, tap to demand reopening is a growing trend in the market, said bankers.

The usage of renminbi in Africa has long been talked up given China’s status as the continent’s largest trading partner. Developments over the past couple of years have been slow, however, though there are now signs of activity with several African nations visiting Hong Kong in November to learn more about RMB reserves management.

CAR, formerly known as China Auto Rental, is one step further along with its plan to sell a Panda bond, having received approval from China Securities Regulatory Commission (CSRC).

Chailease International Financial Service has upped its three year revolving facility to $195m from an initial size of $130m after some 20 lenders joined during general syndication, sources said.

Nomura has appointed Ding Ding to its investment banking division in Asia ex-Japan as executive director and head of healthcare for Greater China, according to a memo seen by GlobalCapital Asia.

The Securities and Exchange Board of India’s (Sebi) move to give the country’s start-ups a leg up deserves an ‘A’ for effort, but is ultimately in vain. The regulator wants to make it easier for start-ups to list and raise funds, but it would be better off scrapping the proposal before getting anyone’s hopes up.