Asia Pacific

Two domestic banks have thrown their hats in the ring to manage the Indian government’s planned sell downs in MMTC and State Trading Corp, which could raise a combined Rp7.7bn ($115.1m).

Indonesian state-owned oil company Pertamina is understood to have lined up seven banks for a $1.5bn five year fundraising.

Investors are lining up to access China via the new interbank bond market (CIBM) scheme, according to survey published by Standard Chartered (StanChart). But other schemes, such as the Stock Connect, are also seeing growing popularity.

Part science, part art, part mystery: our columnist takes a closer look at the process of allocating deals to investors.

Wuxi Construction and Development Investment Co and Bank of Communications Financial Leasing are getting ready to hit the dollar bond market as early as this month.

Baoxin Auto Group has rolled out a $550m dual tranche financing that is backed by a keepwell from future parent China Grand Automotive Services Co.

Frasers Centrepoint has priced its Singapore real estate investment trust IPO at the top of guidance, bagging S$903m ($666.5m) after investors came out in force at the top of the range.

Turk Eximbank has invited banks to participate in a €300m ($337m) equivalent loan. It has split the borrowing into a one year and a two year tranche.

L&T Technology Services has named Bank of America Merrill Lynch, JM Financial, Kotak Mahindra Capital and SBI Capital Markets as the lead banks on its planned IPO in India.

Investigators raided the offices of Lotte Group early Friday morning, one week after they did the same to its subsidiary Hotel Lotte Co, which is in the midst of trying to launch an IPO.

A $12.7bn Asia-focused syndication to back China National Chemical Corp’s (ChemChina) acquisition of Swiss firm Syngenta has concluded with eight new lenders joining.

Nippon Steel & Sumitomo Metal Corp pared down some of its stake in Korean steelmaker Posco via an overnight offering on Wednesday, netting W164.17bn ($139.68m) from the hedge fund-heavy trade.