Asia Pacific

In this round-up, South Korea RMB deposits picked up, while Macau and Taiwan saw a slight contraction, BRICS NDB approved its first loans, Chinese and Russian regulators are expanding their co-operation agreements, and Euronext started providing market data directly to onshore investors in China. Plus, a recap of GlobalRMB's top stories this week.

The Indian government is looking to appoint up to four banks to help it offload a 10% stake in iron ore miner NMDC, in a deal that could raise Rp40bn ($604m) based on its market capitalisation.

Indian state owned blue-chip companies are expected to issue $1bn of Masala bonds, or rupee-denominated offshore bonds, in the next three or four months, said an Indian minister at a roundtable in London this week.

Huawei Investment & Holding Co is joining the current Chinese tech frenzy in the debt market, mandating banks for a Reg S dollar bond.

Agencies could be ready to enter the dim sum MTN market which, in contrast with the silent public market, is in good health.

Despite the difficult start to the year, global financial exchanges have continued to expand their coverage of world markets with new listed products.

A pair of rare SSA names kept Kangaroo and Kauri bond supply ticking over this week, as Asian investor appetite drove demand.

The recent spate of pulled bonds in China has served as a wake-up call about the fickle nature of the country’s domestic debt market. But the success of the first offshore high yield dollar transaction in more than a month has led to hopes Chinese names could make their way back to international debt, writes Rev Hui.

The Philippines is set to welcome a new asset class in infrastructure financing, with a proposal to issue project bonds and list infrastructure companies. Andre Palacios, executive director of the Public-Private Partnership (PPP) Center of the Philippines, tells GlobalCapital Asia’s John Loh about the plans.

Two privately owned Indonesian companies have hit the loan market with attractive margins on offer, marking a break from thinly priced deals by state-owned firms. But the mood among bankers is one of caution. While the outcome will provide a clear picture of the appetite for Indonesia, the syndications will face challenges. Shruti Chaturvedi reports.

Panama’s Global Bank eyes Asia liquidity — Indo Eximbank in $725m fundraising — Protelindo in bilateral talks

Indonesia’s Chandra Sakti Utama Leasing (CSUL) has approached the loan market for $80m, in a deal that comes backed by its accounts receivable.