Asia Pacific

In this round-up, the Shanghai-Hong Kong Stock Connect see steady volumes on its southbound channel, the Sino-German exchange in Frankfurt marks its first six months and HKEX offers new details on its expanded RMB futures. Plus, a recap of GlobalRMB’s top stories this week.

A multi-currency transaction for Sino Horizon Holdings has wrapped up with eight lenders joining mandated lead arranger and bookrunner DBS in the dollar tranche.

Guangzhou Rural Commercial Bank has sent out a request for proposals to banks to lead its up to $1.5bn Hong Kong listing, said a source who has received the RFP.

Bad debt manager China Huarong Asset Management executed one of the largest dollar-denominated transactions from Asia this year with a $2.5bn triple-tranche offering that was multiple times covered.

Hong Kong’s Jacobson Pharma Corp is preparing to launch its IPO in early July and is seeking $150m from the float, according to a source close to the situation.

Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) has allocated its latest borrowing at an increased size of $350m.

Central Bank of India plans to seek shareholder approval for a Rp30bn ($448.7m) equity fundraising slated for the 2016/2017 financial year.

The position of treasurer at the Asia Pacific Loan Market Association (APLMA) has changed hands after eight years.

French lender BPCE became the latest bank to shore up its Basel III tier two capital in the Singapore dollar bond market this week.

Midea Group found a strong following this week for its international debut bond. While the lack of deals from its industry peers posed a challenge in finding comparables, the notes thrived on their rarity value.

China had no problem selling its first offshore renminbi bond outside of Hong Kong as a strong showing from central banks pushed the deal to be more than twice subscribed.

DBS Bank in Singapore this week issued its first deal in Australian dollars, the first covered bond from an Asian lender and the first benchmark sized Kangaroo covered bond of the year.