Asia Pacific

Cyber risk can take billions off a company's bottom line and valuation. Vivian Chow, William Cox and Mathew Garver explain how investors can take account of the risks.

China Resources Land limited (CRLand) has applied to issue a total of Rmb20bn ($3.08bn) in Panda bonds in China’s interbank bond market, two sources have told GlobalRMB.

Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) is considering increasing the size of its borrowing to $350m after receiving commitments well over its target amount of $200m.

Derivatives exchanges are broadening their reach in China through futures and options and build the H-shares product suite.

Indian real estate company DLF is planning to sell a shopping mall as part of its goal to set up a real estate investment trust (Reit), according to a filing with India’s Bombay and National stock exchanges.

Orchid Capital Investments has exited from Vietnamese conglomerate Masan Group, raising VN$3.1tr ($139m) from a small group of investors including Singapore’s sovereign wealth fund.

Singaporean lender United Overseas Bank (UOB) made a quick return to the dollar bond market last Friday, raising an additional $200m with a tap of its tier two notes issued earlier in the month.

CIMB’s regional head of equity capital markets is understood to have tendered his resignation after more than a decade with the Malaysian lender, according to sources.

Indonesian developer Grahamas Adisentosa is seeking a long-term loan of $1.458bn to fund the construction of a 111-storey building in Jakarta.

The growth of the Panda bond market is being impeded by regulatory and liquidity issues in spite of the asset class’ attractive pricing, according to a report from Fitch.

Korea Development Bank (KDB) sold two tranches of floating rate notes on March 18, in a transaction that was driven by reverse enquiry from Taiwanese banks.

Chinese regional lender Bank of Tianjin has raised HK$7.4bn ($949m) after pricing its Hong Kong IPO near the lower end of guidance, suffering a low turnout from retail investors.