Asia Pacific

Cheng Loong Corp, a paper manufacturer, is in the market for a loan related to its Vietnam operations.

Frasers Centrepoint has covered its potential S$903m ($663.3m) Singapore real estate investment trust IPO after the first day of bookbuilding, according to a source close to the deal.

The Chinese securitization market’s growing comfort with auto ABS was on show last week when Dongfeng Nissan Auto Finance was able to double the amount it was able to raise compared to its most recent outing in 2015.

Biostime International Holdings and Xuzhou Economic and Technology Development Zone State-Owned Assets Management (Xuzhou ETDZ) are gearing up for what will be their first outings in the international bond market.

Chinese broker Citic Securities is out with its first outing since October 2014, having opted for a dual-tranche offering split between a 5.5 year and a 10 year tranche.

Cement producer TCC International Holdings has tapped the market after a two year gap, for a $450m borrowing that will refinance a loan that matures this year.

The Hong Kong Stock Exchange (HKEX) appears to be tightening scrutiny on reverse takeovers and listed shell companies, issuing a guidance note on Friday to vet listing candidates more closely.

Property developer Frasers Centrepoint has launched bookbuilding for the IPO of a Singapore real estate investment trust backed by its Australian properties, with the deal set to raise up to S$903m ($655.8m).

The Securities and Exchange Board of India is requesting public feedback as it makes tweaks to its guidelines on infrastructure investment trusts (InvITs) to spark the asset class into life.

The popularity of China’s marquee technology firms is showing no signs of abating, with both Tencent Holdings and Baidu increasing the size of their borrowings following bumper responses.

In this round-up, RMB deposits shrink further in Singapore and Hong Kong, the Stock Connect scheme southbound channel continues to dominate trading, China prepares for direct trading of RMB and Korean won, and Italian enterprises are found to be warming up to the RMB. Plus, a recap of GlobalRMB’s coverage this week.

Commodities trader Noble Group has decided to raise about S$719m ($522m) through a rights issue as it seeks ways to pay off outstanding debt.