Asia Pacific

MTR Corp has wrapped up its syndicated loan at a larger than expected HK$25bn ($3.22bn), after banks piled in and allowed the borrower to increase the facility from HK$15bn.

Asiamoney announces its selections for the best domestic banks and best domestic equity and debt houses across Asia for 2016. Our thanks to all those firms who took the time to submit their credentials, and our congratulations to the winners. The extended results will be available in the August edition of Asiamoney.

Investment holding company Carnival Group International Holdings raised HK$688.8m ($88.7m) from a top-up placement of H-shares on Monday.

Minsheng Financial Leasing has set its sights on the international bond market, mandating banks to work on its debut dollar offering.

Mercuria Energy Trading has closed its annual loan refinancing at $2.2bn, taking less from the market than last year, but more than the $2.1bn launch size it announced.

China Development Bank Leasing Co has started testing investor appetite for its potential $1.2bn IPO, according to sources familiar with the matter.

Watch retailer Hengdeli Holdings has announced a tender offer to buy back for cash up to $175m of its $350m 6.25% notes due 2018.

Thailand's PTT Exploration & Production (PTTEP) is sounding out holders of its existing 2018s for a cash buyback offer.

Hotel Lotte Co has axed plans for a listing that could have raised W5.3tr ($4.5bn) after a raid by investigators on the offices of its parent proved one setback too many for the issuer.

SAIC-GMAC Automotive Finance is set for its second China auto ABS of the year, with the Rmb4bn ($609m) Rongteng 2016-2 Retail Auto Mortgage Loan Securitization to launch on Friday. But unlike the company’s trade from February, the upcoming offering will feature a static pool instead of a revolving structure.

Standard Chartered Bank has raised W109bn ($92.9m) after exiting from South Korea’s Innocean Worldwide, in a deal priced at the wide end of the discount range.

ABC Financial Leasing has launched bookbuilding for its maiden outing to the international bond market, becoming the latest Chinese firm in the financial leasing sector to seek dollars.