Asia Pacific

Chinese brokerage Everbright Securities Co is once again looking to join its many peers on the road to floating in Hong Kong, having refiled its application for a listing.

Malaysia’s RHB Group is consolidating its organisational structure, creating a new group wholesale banking (GWB) division that will bring its products under one umbrella.

China’s Ministry of Finance (MoF) is poised to deliver its eleventh auction of offshore renminbi bonds in Hong Kong at the end of the month.

Yunnan Metropolitan Construction Investment Group Co is looking to join the slew of Chinese local government financing vehicles (LGFV) tapping the offshore bond market.

Doha Bank has fully exercised an $80m greenshoe option on its Taiwan targeted syndicated loan, increasing its size to $180m.

Bank of China said on Tuesday that it has signed a memorandum with the Poland Ministry of Finance to work on the sovereign’s upcoming Panda bond.

Several equity capital market transactions mooted by the Indian government have ruffled feathers recently, with the mandates for Cochin Shipyard and NMDC delayed due to disagreements on low fees. But the government isn’t the one to blame. If banks want an end to price undercutting, they need to take action.

The Panda bond market has been gaining plenty of attention ever since the asset class rebooted last year with many issuers eyeing it as a good opportunity to tap into the Chinese investor base. Looking to join the club is Poland, although the country has little need for renminbi and will be swapping the proceeds back into euros.

Barclays has made several senior appointments to its Asia Pacific and EMEA syndicate teams, combining its bond and loan platforms.

Mahanagar Gas has opened books for its Rp10.4bn ($154.3m) Indian IPO with a valuation that is less than half the average in the utilities sector.

Truly International, the holding company of LCD panel maker Truly Group, has tied up a HK$4.5bn ($580m) four year financing with a group of nine banks.

Wuxi Construction and Development Investment Co kept momentum going for Chinese local government financing vehicles, pricing a new $300m three year bond on Monday. Onshore bank treasuries drove the transaction but high quality offshore investors, who typically stay away from a keepwell structure, also participated.