Asia Pacific
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Indian conglomerate Aditya Birla Group is understood to be in talks with banks for a syndicated loan for one of its flagship businesses, Grasim Industries. -
China’s Fenghui Leasing Co obtained a first-time rating on Tuesday ahead of its offshore debut in dollars while India’s Adani Transmission has ditched a potential Masala bond in favour of just selling dollars.
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Kookmin Bank opted for an unusual three year bond this week to diversify its funding avenues. The bond found strong interest from offshore accounts eager to get their hands on the new deal, allowing the lender to price inside fair value.
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Singapore’s Noble Group has sown up its S$719m ($522m) rights offering with a 173.7% oversubscription, according to a stock exchange filing on Monday.
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Northern Trust Capital Markets has hired Ben Brownette as a research analyst in its Sydney office in Australia.
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The International Swaps and Derivatives Association has published a ‘clearing classification letter’ that will enable derivative counterparties to notify each other of their status for clearing requirements under Hong Kong’s mandatory clearing regime.
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Rabobank has hired a banker for its loan syndications team in Hong Kong, replacing Kitty Leung who left the firm earlier this year.
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India’s Metropolis Healthcare has mandated Credit Suisse and Kotak Mahindra Capital as the leads for its up to Rp10bn ($149m) IPO.
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The Hong Kong Stock Exchange (HKEX) has released new research, which it hopes will dispel the long-held belief that equities in the city are undervalued when compared to shares on the Mainland.
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The World Bank is preparing to sell the first bond dominated in the IMF special drawing rights (SDR) unit of account, according to market sources.
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India’s largest energy conglomerate NTPC is poised to pick banks to work on its upcoming Masala bond that could hit the market as early as the first week of August.
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South Korea’s Kookmin Bank and Indian’s Glenmark Pharmaceuticals ventured out to the dollar debt market on Monday with their respective bonds.
