Asia Pacific

Doosan Heavy Industries & Construction is selling down some of its treasury shares in a deal which could bag the firm up to W165bn ($138.3m).

India’s Glenmark Pharmaceuticals printed its first convertible bond in more than a decade on Tuesday, raising $170m with an unusual offering that managed to pull in decent interest from investors.

Chinese power plant manufacturer Huaneng Power International has been granted permission from the China Securities Regulatory Commission to issue up to Rmb4.2bn ($638m) of bonds.

Law firm Hogan Lovells has recruited a pair of experienced capital markets lawyers to bolster its corporate practice in Asia.

Indonesia's Mitra Pinasthika Mustika Finance has launched the retail phase of a $100m borrowing, in what is the company's second outing in the syndicated loan market.

Nomura is setting up an office in Singapore to provide advisory services for funding infrastructure projects in Asia, focusing initially on southeast Asian countries.

Dominique Jooris has left Goldman Sachs to become chief executive of Bank Pictet & Cie in Singapore.

Khazanah Nasional has raised MR828.7m ($200.5m) by selling nearly 2% of its stake in IHH Healthcare, in what was the Malaysian sovereign wealth fund's first block in the company since its listing in 2012.

China Resources Land successfully sold a Rmb5bn (759m) dual-tranche Panda bond this week, becoming the first real estate company to print this format in China’s interbank bond market.

China State Construction Engineering Corporation Limited and Tianjin Infrastructure Construction are getting ready to meet investors ahead of their respective dollar fundraisings.

VPower Group International Holdings has filed for an IPO in Hong Kong and is looking to raise $500m in the third quarter of the year.

Japan’s SoftBank Group Corp has blown open the equity-linked market with the launch of a $5bn bond exchangeable into shares of Alibaba Group Holdings, part of a planned $7.9bn sell-down in the e-commerce giant’s stock.