Asia Pacific

Shanghai Clearing House (SHCH) plans to launch a Shanghai Free Trade Zone (FTZ) offshore renminbi bond market in May, according to documents seen by GlobalRMB.

Huawei Investment & Holding Co is out with a new 10 year dollar trade, while China Aircraft Leasing Group (CALC) has also taken off for its debut international bond.

Citi returned to the Australian dollar market on Wednesday, raising a A$750m five year dual-tranche Kangaroo that will contribute to the bank's total loss-absorbing capacity (TLAC) requirements.

Seadrill is in the market to sell an up to MR814m ($208m) block of shares in Malaysia’s SapuraKencana Petroleum via sole global co-ordinator and bookrunner Morgan Stanley.

Dollar-yen currency option prices have risen sharply this week in line with shifting expectations for the Bank of Japan meeting on Thursday, after details were leaked by anonymous officials of a possible negative loan rate to encourage banks to lend.

Shanghai Clearing House (SHCH) plans to launch a Shanghai Free Trade Zone (FTZ) offshore renminbi bond market in May, according to documents seen by GlobalRMB.

Global construction equipment maker Doosan Bobcat is looking to file for approval for its South Korea IPO by July and could list two months later, a source with knowledge of the situation told GlobalCapital Asia.

Climate Bonds Initiative (CBI) and the International Institute for Sustainable Development (IISD) have launched the China Roadmap 2016 report outlining the prospects for the country’s booming green bond market.

Sona Petroleum has become Malaysia’s first special purpose acquisition company to have its proposed acquisition voted down by shareholders, dealing another blow to Spacs.

Parag Milk Foods has set the price range for its Indian IPO that will raise up to Rp7.67bn ($115.16m), laying the groundwork to open books for the float mid next week.

Fantasia Holdings Group sold the first high yield offshore renminbi bond since last summer, pricing a Rmb600m ($92.4m) three year on Tuesday. Although market participants welcomed new activity in the moribund dim sum market, the outlook for more issuance is bleak.

The Indian government kicked off the sell-down of 11% of its stake in hydropower producer NHPC on Wednesday, with the two-day bookbuild expected to add Rp27.2bn ($408.4m) to the state’s coffers.