Asia Pacific

Malaysian telecommunications group Axiata extended its credit curve this week, raising $500m from a 10 year wakala sukuk.

Hyundai Motor Company has kicked off the sale of approximately 4.9m shares in Korea Aerospace Industries, which could net it W348.5bn ($292m).

Morrison & Foerster has appointed Vivian Yiu as a new corporate partner in Hong Kong, the law firm announced in a press release on Tuesday.

Fortune Oil PRC Holdings is in the market for a $240m three year loan that will refinance debt signed in October 2013.

Bank of Communications Financial Leasing’s $1bn dual-tranche offering was a big success on Tuesday, as cash-rich Chinese investors were drawn to the credit amid a dearth of dollar offerings from the country.

India’s HealthCare Global Enterprises has begun bookbuilding for a listing which could raise up to Rp6.5bn ($96.5m).

AMTD Group is out with its first international bond, taking bids on Wednesday for a three year dollar transaction that was covered at launch.

Indian small finance bank (SFB) Equitas Holdings is looking to raise nearly Rp20bn ($297m) with an IPO that could make it the first SFB to list in the country.

India’s capital markets regulator has decided to allow foreign portfolio investors to buy newly launched products such as real estate investment trusts (Reits) and infrastructure investment trusts (InvITs).

The Mutual Recognition of Funds (MRF) scheme has been slow in gaining traction among offshore investors since its launch in December. But the recent suspensions of outbound investment schemes has seen a pick-up in interest by Chinese investors.

Carnival Group International Holdings executed its first dollar bond on Tuesday, raising $180m with a three year transaction that was supported by anchor orders.

South Korea’s Kia Motors Corp is finally looking to make a comeback to the dollar bond market after an absence of five years and has mandated banks to prepare a proposed 144A outing.