Asia Pacific

A senior member of Citi’s Asia Pacific securitized products unit has left the bank, sources close to the move have told GlobalCapital Asia.

Chinese electronics distributor Smart-Core Cloud Group has filed a draft prospectus with the Hong Kong Stock Exchange, hiring DBS Bank as the sole sponsor of its IPO.

Global fund managers who can set up their China business around opportunities in both onshore and cross-border flows will be best placed to take advantage of China’s ongoing opening of its capital account, according to Z-Ben Advisors.

The European Covered Bond Council (ECBC) has appointed DBS's Colin Chen as the chairman of a new global working group for 2016-2019.

The head of Natixis’ Asia Pacific debt platform Devan Selvanathan is leaving after more than four years at the bank, according to sources close to the move.

China Aoyuan Property Group hit the market for a three year dollar bond on Monday in what is only the fourth transaction in the currency this year from the country’s high yield property sector.

The Export-Import Bank of China is poised to return to the offshore bond market this week, lining up banks to hold investor calls for a dual-currency, triple-tranche offering.

The recently established New Development Bank Brics (NDB Brics) has mandated four Chinese banks and two global banks on its upcoming debut bond outing — an onshore renminbi-denominated green offering. The proceeds will be used to support the supranational’s green projects, several sources close to the deal told GlobalRMB.

Nomura has cut up to 30 jobs in its Asia ex-Japan equities unit amid a wider shake up in its overseas operations, with personnel leaving across cash equity, research and equity syndicate.

Manulife US Real Estate Investment Trust (Reit) has tentative plans to start pre-marketing its Singapore listing from next week, according to sources close to the deal.

Kia Motors Corp had a stellar response to its first dollar outing in almost five years, selling a dual-tranche bond on the back of what bankers say was one of the biggest order books achieved by a South Korean issuer. The combination of the strength of Kia's credit and its rarity value proved to be a winning recipe.

Indian lender Ujjivan Financial Services has decided to kick off bookbuilding for its Rp15bn ($225.5m) IPO at the end of April, according to a source close to the deal.