Asia Pacific

SCPG Holdings is planning to issue up to Rmb2bn ($306m) in onshore renminbi debt as early as this month. The trade will mark the sixth Panda deal in the exchange market.

Zhejiang Geely Holding Group is set to sell its first dollar-denominated green bond on Thursday that comes with a standby letter of credit from Bank of China’s London branch. The offering marks the third dollar green debt to be sold by a Chinese issuer.

Global Dairy Trade, a platform that sets prices for the global dairy market, is pushing ahead with plans to bring dairy trading up to speed with other commodity markets and which could impact currency and futures activity.

There is a growing likelihood that the Reserve Bank of Australia (RBA) will decide to cut interest rates at its July meeting, due to weak wage growth and a declining inflation outlook, said some analysts this week. But options markets are not yet priced for a change.

There is a growing likelihood that the Reserve Bank of Australia will decide to cut interest rates at its July meeting due to weak wage growth and a declining inflation outlook, but options markets are not yet priced for a change.

Marlin Enterprise has opened syndication for a $425m five year loan to finance its acquisition of a gold mine in North Sumatra in Indonesia, said bankers working on the trade.

India's PNB Housing and Finance will seek approval for an IPO of up to Rp30bn ($448.0m) by mid-June, according to a source close to the transaction.

China Construction Bank Financial Leasing Corp has announced plans to issue its second dollar bond as early as this month, days after some of its industry peers made successful returns to the debt market.

Deutsche Bank has hired HSBC veteran Frank Fang as head of corporate banking coverage for China.

Chinese electric vehicle maker Yadea Group Holdings has raised HK$1.29bn ($166.2m) from its IPO in Hong Kong after pricing the deal at the bottom of guidance.

International bond issuance from South Korea looks set to resume with Export-Import Bank of Korea back in the market for its third dollar fundraising of the year.

JP Morgan’s head of Malaysia investment banking Didi Yahya has left the firm, according to sources close to the move.