Asia Pacific

The Panda bond market is looking crowded this week. Joining German car maker Daimler is Singapore’s DBS Bank which is marketing its debut Panda, several sources have told GlobalRMB.

Hyundai Motor Co has sold half of its stake in South Korean state-owned Korea Aerospace Industries, raising W342bn ($291m) after pricing the block near the bottom of guidance.

Cemex Holdings Philippines (CHP), an affiliate of cement giant Cemex, is looking at a potential Ps39.7bn ($851.6m) IPO as it waits for the go ahead from the country’s stock market regulator.

Myanmar’s Yangon Stock Exchange (YSX) is preparing its first listing, with local conglomerate First Myanmar Investment (FMI) set to do the honours on March 25. But the IPO is unlikely to be a real test of market appetite, as it is not raising any new money with its transaction. Jonathan Breen reports.

AMTD Group has successfully wrapped up its debut outing to the international debt market, selling a $110m three year trade on Wednesday.

German car maker Daimler is planning to return to China’s onshore Panda bond market with a private placement in the interbank bond market, several sources familiar with the deal have told GlobalCapital Asia's sister publication GlobalRMB.

Market participants have been sceptical about the Hong Kong Exchange's (HKEX) plans for a Bond Connect with China ever since the idea was first floated in late 2014. Eighteen months later, the opening up of China’s interbank bond market (CIBM) has thrown up more questions about the scheme’s viability.

ABN Amro became the first foreign lender to issue a tier two bond in Taiwan’s Formosa market following a change in rules at the start of the year.

Shinhan Bank is looking to tie up its first tier two bond in the international market, launching an up to $500m offering on Thursday.

German car maker Daimler is planning to return to China’s onshore Panda bond market with a private placement offering in the interbank bond market, several sources familiar to the deal have told GlobalRMB.

Options traders are increasingly pricing renminbi in line with G7 foreign exchange, a trend that could boost the intensity of swings in market positioning, strategists have warned.

The International Finance Corporation sold on Wednesday the longest-dated Masala bond ever. The supranational also believes other issuers could be about to enter the market.