Asia Pacific

Rici Healthcare Holdings has deferred its IPO, which was set to launch this week, to an unspecified date, according to a source with direct knowledge of the decision.

Momentum is building for real estate investment trusts (Reits) among Indonesian corporates, after Ciputra group became the latest firm to take steps towards a listing, Fitch Ratings said in a note on Tuesday.

A $425m five year loan for Marlin Enterprise's acquisition of a gold mine in Indonesia has been received well by retail lenders.

Citic Envirotech has priced a $180m tap of its existing $175m 5.45% perpetual notes at the tighter margin of 4.25%, becoming the first Asian G3 bond issuer since the UK’s decision last Friday to leave the European Union.

The Singapore Exchange (SGX) has extended the period of exclusive discussions with the Baltic Exchange for a proposed cash offer to acquire 100% of the shipping-based bourse.

ICICI Bank’s international loan syndications team in Singapore is losing a banker who has been with the Indian lender for eight years.

Fullerton Healthcare opened books on Wednesday for a dual-tranche Singapore dollar bond backed by the Credit Guarantee and Investment Facility. This would be the fifth transaction to be sold in the Lion City with an enhancement from CGIF.

The Taiwan Stock Exchange Corp (TWSE) and Bursa Malaysia have signed a memorandum of understanding to explore capital market opportunities and expand cross border co-operation.

Greentown Service Group has thrown off any concerns about Brexit-induced volatility and kicked off bookbuilding for its potential HK$1.7bn ($220.5m) IPO, with investor response so far being positive, according to a source with direct knowledge of the deal.

HSBC and Bank of China were among the first banks to act as market makers for the newly established direct trading of the Korean won and the RMB this week, just as a first batch of offshore-based banks got approval from Chinese authorities to access the onshore currency markets.

The RMB remained a tiny portion of payments between the US and China in May, according to the latest Swift data. Meanwhile, the RMB remained in sixth position among the most used payment currencies.

The market reaction to the UK’s surprise decision to leave the European Union has been immediate with stocks falling, the pound weakening and the country downgraded by international rating agencies. But market participants are worried that the worse has yet to come and London could be set to lose its shine as a premium renminbi hub.