Asia Pacific

The Taiwan Futures Exchange (Taifex) is set to launch the first exchange-traded options on RMB rates this month, the exchange told GlobalRMB. Taifex is also seeking regulatory approval to launch more A-shares index futures.

ANZ became the first Australian bank to launch a foreign currency additional tier one (AT1) on Tuesday with a dollar trade, and could target yield hungry Asian accounts to bolster its books.

Sumitomo Mitsui Financial launched its first euro denominated holding company bonds on Tuesday, as Japan’s banks make steady progress on their Total Loss-Absorbing Capacity (TLAC) funding targets.

Hotel Lotte Co has sliced the potential money it can raise from its IPO to W5.3tr ($4.6bn), a cut of more than W400bn, and pushed back the deal to now launch in mid-July, according to an updated prospectus filed with the South Korean regulator.

Indonesia returned to euro-denominated bonds on Tuesday. It will still have to pay up over its dollar curve, according to EM bankers, despite the low yields in euros.

The Philippines-based arm of oil and gas giant Royal Dutch Shell has selected two firms to lead its potential IPO in the country, according to a source familiar with the matter.

Chinese conglomerate, Citic, raised $1.25bn from dual-tranche dollar notes, which were its first outing to the dollar bond market since changes to its structure nearly two years ago. The markets were still jittery but the issuer was able to live up to its name value by effortlessly raising the target amount and saving costs.

The Asian Development Bank reaffirmed its desire to revisit the Chinese Panda bond market at a conference in Beijing last week, although any deal will hinge on the resolution of problems linked to accounting standards.

A senior banker covering onshore China loans at Standard Chartered is set to step into the shoes of Lewis Wong, who quit as regional head of loan syndications for Greater China and northeast Asia, in May.

CNY swaps have been offered on easing liquidity concerns and bets ahead of key data. Sources say weak inflation figures later in the week could flatten the 1s/5s curve slope. Meanwhile, BNS issued a 2-year dim sum bond, writes Deirdre Yeung of Total Derivatives.

Mexico is likely to become the first Latin America sovereign to issue a Samurai bond this week after tightening guidance on a three and five year deal.

Maybank has rejigged its top ranks with fresh appointments in its global banking and Islamic banking units, as well as the chief financial officer position, the Malaysian bank said.