Asia Pacific

The Republic of Indonesia hit the market on Monday as it seeks to tie up a five year and a 10 year wakala — the first time the southeast Asian country has attempted a sukuk offering in two tranches.

Rici Healthcare Holdings has submitted a preliminary prospectus to the Hong Kong Stock Exchange for a potential $250m IPO slated for the second half of the year.

Daimler has received approval to issue and started marketing its second Panda bond sources close to the deal have said to GlobalRMB.

One of the world’s largest port operators PSA International has mandated DBS and Deutsche Bank to run a series of investor meetings this week.

Indian cancer care company HealthCare Global Enterprises had seen a slow response to its Rp6.5bn ($97.5m) IPO heading towards the end of bookbuilding on Friday with only 84% of the deal subscribed.

TCC Group subsidiary Berli Jucker Public Co has signed up nine lenders for a €3.2bn ($3.5bn) portion of a larger loan to support its acquisition of retailer Big C Supercenter.

Hutchison China MediTech (Chi-Med) has pocketed $101.25m from its Nasdaq IPO, debuting on the exchange on Thursday. But it had a lukewarm start, dropping 0.74% at the end of its first trading day.

South Korea’s Shinhan Bank made a strong impression on bank capital investors this week, pricing a 10 year bullet tier two. Some of the credit for the transaction’s success goes to the fundamental strength of the issuer and the investor-friendly structure of the bond, but market participants say Shinhan’s willingness to pay up also deserves kudos.

Chinese e-commerce group Alibaba is understood to have seen a good turnout for a roadshow held on Thursday for its $3bn syndicated loan. Bankers reckon the pricing and the potential use of proceeds contributed to the appeal.

Thailand’s TMB Bank is set to return to the dollar bond market for the first time in 10 years, having mandated three lenders for a roadshow next week.

In this round-up, China's cross-border trade settlement fell to a near three-year low in February, CME reports record levels of trading in its offshore RMB futures, RMB spot trading fell but swap trading surged on the Moscow Exchange, Singapore renewed its currency swap line, and Deutsche Bank sets up a the first interbank host-to host platform by a foreign bank in China. Plus, a recap of GlobalRMB's top stories this week.

United Overseas Bank is making a quick return to the dollar bond market, reopening its $500m 2026 tier twos on Friday.