Asia Pacific

Monetary policy and declining oil prices caused unusual currency correlations in recent quarters, say bank analysts, but changes in sentiment around developed market currencies and the prospects for US inflation look set to send those measures back toward normal levels.

ChemChina gave 11 banks allocations in the $20bn tranche of its Syngenta acquisition loan on Thursday, bringing the total number of banks in the syndicate to 16.

A quartet of SSA issuers printed Kangaroo bonds this week, helping push Kangaroo bond volume for March to a monthly level not seen in a year.

The Asia ex-Japan loan market betrayed little direction in the first quarter and the mood of syndication bankers is one of measured optimism for the year ahead. Bankers are making diversification their new goal and are hunting down opportunities in newer sectors, writes Shruti Chaturvedi.

The Government of Mongolia finally dipped its toes into the international bond market, raising $500m from a 144A five year trade this week. The sovereign managed to assuage investors concerned about the twin headwinds of volatile commodities prices and slowdown in China, but had to pay up in the process. Narae Kim reports.

China Logistics Property Holdings Co, which filed for a Hong Kong listing on Thursday, has tapped Credit Suisse and Deutsche Bank as joint sponsors for the transaction.

Bank of the Philippine Islands (BPI) is poised to make its debut in the international syndicated loan market with a $250m fundraising.

Guosen Securities (Overseas) Company has denied that an event of default had taken place with regards to its dim sum bonds on Thursday, just days after the broker had issued a notice saying otherwise.

You know how holidays are supposed to be fun and relaxing? Well, my friend Two Pints is probably wishing breaks never existed after his eventful Easter weekend.

First Myanmar Investment became the first firm to debut on the Yangon Stock Exchange last Friday — three months after the bourse was officially launched. The stock opened with a bang, jumping about 19% on the first trading day.

Citi has lost its vice-chairman for Asean corporate and investment banking Tracey Woon, who is joining UBS in the third quarter of 2016.

Indian non-bank lender Hinduja Leyland Finance has filed a draft prospectus for an IPO that will raise at least Rp5bn ($75m) in primary proceeds.