Asia Pacific

ICBC continued its debt-raising spree on Monday, with the New York branch becoming the third of the lender’s units to sell a bond this month. But while the deal resonated well with Chinese bank treasuries, signs of investor fatigue are starting to appear.

Hong Kong financial investment firm Sun Hung Kai completed a $361.6m exchange plus new money offering on Monday that was mostly gobbled up by the city’s private bank accounts.

Indonesia’s Adira Dinamika Multi Finance is in the loan market for a $100m fresh money borrowing via two mandated lead arrangers and bookrunners.

The Hong Kong Exchange (HKEX) has announced the launch of the first RMB global currency index, with a new line of RMB currency futures approved for take off on May 30.

China’s Ministry of Finance has confirmed it will issue an offshore renminbi bond in London with the trade expected to launch soon.

Trans Corpora is poised to decide this week whether to open syndication on a $150m loan that Credit Suisse and Maybank have pre-funded, according to bankers close to the transaction.

Cikarang Listrindo could raise Rph6.3 ($464m) from its IPO, thanks to strong demand that has covered a potential 33% increase option, according to a source close to the deal.

Myanmar Thilawa SEZ Holdings has made its debut on the Yangon Stock Exchange, becoming the second ever listing on the country’s budding stock market.

The China Securities Regulatory Commission (CSRC) has confirmed that authorities will respect the beneficial ownership right of foreign investors, crossing another item off the to-do list for A-shares to be included global indices.

David Ratliff joined BNP Paribas as its head of financial institutions coverage for Asia Pacific on Monday, about two months after resigning from Citi.

Kaisa Group Holdings has finally struck a deal with creditors over the restructuring of its offshore debt, marking the end to one of the longest-running Asian capital markets saga in recent years.

Biostime International Holdings has begun syndication on a refinancing of a $450m bridge loan taken last year to fund its A$1.386bn ($995m) acquisition of a controlling stake in Swisse Wellness.