Asia Pacific

Despite the technical challenges, it seems likely that People’s Bank of China (PBoC) will give the green light to a bond denominated in IMF special drawing rights (SDR) before the G20 summit in early September.

The Indian debt capital markets came alive on Thursday with two issuers out the gates as Export-Import Bank of India and Adani Transmission launched their respective 10 year dollar bonds.

Mapletree Commercial Trust priced an overnight block-plus-rights combo on Tuesday to raise S$1.04bn ($766.01m), in a deal that earned praise from bankers on and away for its slick execution.

Veteran DBS banker Boey Yin Chong is moving to a new position at the Singaporean lender after a 15-year spell helming the syndicated finance team.

Beijing Enterprises Water Group (BEWG) sold its debut Panda bond on Tuesday raising Rmb4bn ($600m), in only the third publicly sold Panda debt in China’s exchange market.

Unrated China Minsheng Investment (CMI) successfully raised $500m through a bond on Wednesday, pricing the trade near fair value despite the absence of relevant comparables.

Allocations are out for a HK$8bn ($1bn) fundraising for Lifestyle International Holdings, which operates Sogo department stores.

The Stock Exchange of Thailand (SET) is expecting IPO issuance to stay robust in the second half of the year, capping a solid 2016 amid an increasing backlog of firms filing for first time share sales.

CDB Capital generated close to $4bn in demand for its debut bond on Tuesday, raising $500m. Despite some bankers having said the trade had a weaker structure than its comparable, robust demand from onshore accounts allowed the issuer to price through fair value.

Sri Lankan commercial lender Sampath Bank is following in the footsteps of the sovereign by tapping the loan market for funds, launching a $50m borrowing with an unspecified greenshoe.

DBS Private Bank has hired Joseph Poon as its regional head of southeast Asia, poaching him from UBS.

Clearstream is looking to better connect global investors to China’s interbank bond market (CIBM) with a link set to launch in October. The firm is also working on a joint venture (JV) with the China Foreign Exchange Trading System (CFETS) to launch a bond exchange in Europe, GlobalRMB has learned.