Asia Pacific

BOC Aviation has wrapped up bookbuilding for its HK$8.7bn ($1.1bn) with a wealth of demand from institutional and Hong Kong retail investors.

Details have emerged on the pricing and structure of the latest borrowing by Tata Steel, which will be used to refinance the debt of its Canadian arm.

China Three Gorges (CTG) made an impressive return to the bond market on Tuesday with a $1.5bn dual-tranche offering that was well-liked by investors, even though pricing was aggressive.

ABN Amro has promoted Brian McGirr as head of debt solutions for Asia, alongside two internal transfers who will join his team.

Indonesian power producer Cikarang Listrindo has narrowed the price range on its up to Rph5.0tr ($366.7m) IPO toward the bottom of guidance, according to a source close to the deal.

China Construction Bank Financial Leasing Corp has wrapped its dollar return in style this week, in the third deal from a Chinese financial leasing company in just over a month. Unlike its industry peers however, CCB Leasing stuck to Reg S only format and went for a shorter end of the curve.

China Development Bank has opened books for a dual-currency, triple-tranche offering, four months after the policy bank raised around $2bn from a similarly structured trade.

361 Degrees has made a smooth debut in the dollar bond market this week, raising $400m from a five year non call three deal. Thanks to the niche industry and strong technicals, the deal tightened 30bp in secondary as investors who did not get an allocation in primary rushed to the aftermarket.

OTC Clearing Hong Kong (OTC Clear) is set to provide clearing services for cross-currency swaps (CCS) by the end of the year as it banks on the city’s status as a premium offshore renminbi hub.

Indonesia’s Bank Permata is planning to raise Rph5.5tr ($403.4m) from a rights issue next month, having received the go ahead from the country’s financial regulator, according to a press release from the firm.

The China bond market still trails those in developed economies in the ease of the access for foreign investors and the breadth of investment products available, according to panellists at a Hong Kong Exchange conference on May 24.

Booming demand for Asian currency private paper has led to a dramatic year-on-year rise in MTN volumes denominated in Hong Kong dollars and offshore renminbi.