Asia Pacific

India’s HT Global IT Solutions Holdings is set to give a lift to the Asian high yield market, launching a $300m deal on Thursday with price guidance set at a hefty 7.625% area.

The Singapore Exchange’s electronic bond trading platform, SGX Bond Pro, is planning to expand into Asian local currency notes later this year. While the initial stage of expansion will be in markets closet to home, the exchange’s head of fixed income trading, Tsai Li Renn, told GlobalRMB that linking up with China could also be on the horizon.

Pirelli, the Italian tyre manufacturer acquired by ChemChina last year, will complete syndication of its loan refinancing this week, according to a lead banker.

India’s PNB Housing Finance has filed a draft prospectus for a listing that could raise as much as Rp25bn ($369.7m), putting it on track to be one of the country’s largest IPOs this year.

Bank of China has printed Asia’s largest green bond in a $3bn deal split between dollar, euro and CNH tranches. The landmark trade attracted strong investor demand and gave a much needed fillip to the dim sum bond market.

Yunnan Metropolitan Construction Investment Co has become the latest local government financing vehicle in the offshore bond market. With more new issues in the pipeline, the LGFV bond spree shows no signs of slowing but the market is not open to all names.

Credit Suisse has sent out invitations for a $150m three year bullet loan for China Auto Rental (Car).

Singapore real estate investment trust Mapletree Commercial Trust has hired DBS, Goldman Sachs and HSBC to help it raise equity funding to back a S$1.78bn ($1.33bn) acquisition.

Chinese fashion house JNBY Design is looking to float in Hong Kong to raise some $150m, filing a preliminary prospectus with the city’s stock exchange on Tuesday.

Chinese state-owned Beijing Capital (Hong Kong) has refinanced a $180m one year bridge loan signed last year.

Water treatment company Citic Envirotech, which tapped an existing bond last week, has now set its sights on the syndicated loan market.

South Korea’s Woori Bank is set to meet investors for its second dollar-denominated Basel III additional tier one bond.