Asia Pacific

UBS has appointed Damien Brosnan and Peihao Huang to the newly created positions of co-heads of ECM solutions for Asia, effective from last Friday.

Zhejiang Geely Holding Group is set to hit the road for a dollar-denominated green bond that is expected to launch as early this month. The trade will be the third green issue from a Chinese borrower overseas.

Standard Chartered’s Renminbi Globalisation Index (RGI) fell by 2.7% month-on-month in March to 2,151 from 2,210. The index is also down 1.1% year-on-year, posting the first yearly contraction since it started in 2010.

CDH is in the market to cash out of its stake in Luye Pharma Group via a block trade worth up to HK$729m ($94m).

Manulife US Reit is set to price its $470m Singapore IPO at the top of guidance, according to sources close to the deal.

Goldman Sachs’ head of Australian equities will be leaving after more than a decade with the bank to pursue other ventures.

Export-Import Bank of Korea is getting ready to make a comeback, having issued a request for proposals this week.

Chinese tissue paper maker Youyuan International has returned to the loan market after a two year gap and is seeking a $120m 3.5 year facility.

Uncertainty regarding the outcome of the US Federal Open Market Committee’s (FOMC) meeting in June drove public sector borrowers to target the short end of the dollar curve this week, said bankers.

Chinese auto rental company eHi Car Services, which made its debut in the international bond market late last year, has set its sights on a $150m syndicated loan.

Chinese names are continuing their resurgence with State Grid Corp of China returning for a dollar/euro combo while China International Capital Corp (Hong Kong) has opened books for its debut offshore appearance.

United Overseas Bank is set to end an absence of two years from the Singapore dollar bond market, and is taking orders for a Basel III additional tier one capital trade.