Asia Pacific

India's Prataap Snacks has mandated Edelweiss Financial Services and JM Financial for a potential Rp6bn ($90.4m) IPO.

ANZ’s chief executive officer for the Pacific Vishnu Mohan is retiring after 40 years in the banking industry, more than seven of which were with the Australian lender.

Rejecting once again the designation ‘Basel IV’ for upcoming pieces of its regulatory framework, the Basel Committee on Banking Supervision’s secretary general, William Coen, said on Tuesday that yet more needs to be done to fortify the banking sector once the remaining pieces of Basel III are finalised.

CK Hutchison Holdings has kicked off bookbuilding for a euro-denominated dual-tranche offering, which will mark the firm’s return to the currency after a gap of 18 months.

Chinese metals exchange operator Yintech Investment Holdings is looking to list in the US, having filed a draft prospectus with the Securities and Exchange Commission on Monday.

Sunshine Life Insurance Corp has embarked on a roadshow for what would be its debut international offering, while Beijing Automotive Group (BAIC) is seeking approval to raise new debt.

Indonesian telecommunication tower operator Tower Bersama is planning to seek approval for a $500m bond in a meeting with shareholders scheduled for May.

The Asia DCM market opened to a slew of issuance on Tuesday with Singapore duo Olam International and PSA International, Korea National Oil Corp and Japanese lender Mizuho Financial Group looking to tie up their respective dollar transactions.

Pakistan has signed its latest loan at a higher than launch size of $408m, completing the syndication within just three weeks.

The Inter-American Development Bank made an early claim on Monday for a spot in this week’s dollar issuance, in what its leads said was a move to ensure it did not add its name to a growing trend for SSA deal clashes.

ASB, a New Zealand bank owned by Commonwealth Bank of Australia, is set to issue the first euro denominated covered bond of the year from the country, after mandating leads on Monday.

Westpac has obtained investor consent to convert five covered bonds from hard to soft bullet maturities. However, it was unable to obtain the necessary quorum to change the maturity on one dollar benchmark