Asia Pacific

Dalian Wanda Group has firmed up financing totalling HK$30.78bn ($3.9bn) for a HK$34.5bn offer to take its property arm private.

Scotiabank de Costa Rica has included Taiwanese lenders in its list of invitees for a $75m two-tranche fundraising, following in the footsteps of many other borrowers from Latin America that are looking to Asia for liquidity.

Securities and Intelligence Services India has picked a group of four domestic firms to lead its Rp10bn ($150m) listing, according to sources.

Asset manager BlackRock has made senior changes to its fixed income business as Joel Kim, head of fixed income for Asia Pacific, plans to leave the firm at the end of August.

Malaysia’s WCT Holdings is aiming to list its construction arm in a MR600m ($148.78m) IPO by the second quarter of next year.

Indonesian telecommunications tower company Solusi Tunas Pratama is looking to replace its dollar debt with local currency borrowings in a bid to curb risks from foreign exchange movements.

Hang Seng Bank has promoted from within to fill the position of head of structured finance, commercial real estate and corporate advisory, following Mimi Cheng’s recent departure.

Indonesia’s Sri Rejeki Isman (Sritex) is poised to launch a new bond on June 1 as soon as a tender offer to buy back its outstanding notes expires.

Dongfeng Nissan Auto Finance is set to make its annual return to the ABS market with a Rmb3bn ($457m) VINZ 2016-1 Retail Auto Loan Securitization. But unlike its previous China auto ABS transactions, the company will be selling an additional fixed rate senior tranche when books open on Thursday.

Indonesia’s Cikarang Listrindo has allocated its Rph3.6tr ($264m) IPO to an investor base comprising mainly long-only accounts, deciding not to enlarge the float despite having enough demand, said a source with direct knowledge of the matter.

Commodities trader Gunvor Singapore has increased the size of its latest loan to $1.041bn from the launch size of $750m, signing the deal on May 25, according to sources.

China’s transition from a highly managed exchange rate regime to a more flexible one has come under much scrutiny, especially in light of the sharp drop in the renminbi. Even though the currency has started to stabilise in recent months, the Federal Reserve is still a wild card. Rev Hui reports.