Asia Pacific

Former JP Morgan banker Ed Tsui is joining Deutsche Bank as head of debt syndicate, Asia, according to an internal memo seen by GlobalCapital Asia.

Mapletree Commercial Trust has opened books on a S$1.02bn ($751.3m) dual tranche equity fundraising that is being conducted via an overnight share sale and preferential offering.

Pilipinas Shell Petroleum Corp, the local arm of oil giant Royal Dutch Shell in the Philippines, filed for an IPO on Monday to raise up to Ps29.7bn ($632.1m), according to bankers.

Bank of America this week returned to the Australian dollar market after a two year absence, with an A$750m ($565m) dual tranche deal.

Glenmark Pharmaceuticals sealed its debut $200m international bond at a yield of 4.5% on Monday, which bankers on the deal said was the tightest pricing achieved by an Indian high yield name.

Agricultural trading and processing company Cofco Agri is understood to have sent out a request for proposals for a dual-tranche facility to refinance debt.

India’s state-owned holding company has revised some of the terms in its plan to sell down the government’s stakes in 51 companies, grouping together share sales in Axis Bank, ITC and Larsen & Toubro.

UBS Asset Management has appointed Hayden Briscoe as head of fixed income for Asia Pacific.

Société Générale has appointed new group country heads for Japan and Switzerland, according to a statement from the bank on Tuesday.

CDB Capital, a wholly-owned subsidiary of China Development Bank Corp, is looking to raise as much as $500m from a new deal while unrated China Minsheng Investment Corp has returned for a three year bond, with both relying on keepwell structures.

The short-end of the CNY NDIRS curve is continuing to outperform the longer maturities as the PBoC keeps the financial system liquid ahead of month-end. Sources are wary ahead of this week's FOMC and BOJ announcements but say firmer domestic data could back more steepening momentum near-term, writes Deirdre Yeung of Total Derivatives.

The scorching pace of Indian IPOs looks set to continue as Dilip Buildcon prepares to launch a Rp6.53bn ($97.5m) listing next week, with bankers expecting a solid response from investors.