Asia Pacific

Cemex Holdings Philippines (CHP), an affiliate of Mexican cement giant Cemex, is seeking approval from the Philippine stock market regulator for a potential Ps39.7bn ($851.6m) IPO.

Chinese regional lender Bank of Tianjin has kicked off bookbuilding for its Hong Kong IPO after covering over half of the up to HK$9.5bn ($1.2bn) with cornerstone investors.

Malaysian telecommunications giant Axiata Group and Bank of Communications Financial Leasing are looking to tie up their respective dollar offerings on Tuesday with the former executing a sukuk and the latter a conventional bond.

Allocations for a $200m borrowing by Indian company UPL show six lenders joined the two mandated lead arrangers and bookrunners during general syndication.

India’s Bombay Stock Exchange (BSE) could float as soon as September 2016 after getting the go ahead from the country’s stock market regulator.

The securitization of non-performing loans will be one of the key tasks for the China Banking Regulatory Commission this year, according to chairman Shang Fulin.

Chinese e-commerce group Alibaba has launched its latest loan at $3bn, less than a week after it signed an agreement with eight mandated lead arrangers and bookrunners. However, the financing could be even bigger, with the top group hoping demand will be strong enough to increase it to $4bn by the end of syndication.

China Zheshang Bank has launched a Hong Kong IPO of up to HK$13.6bn ($1.75bn), which has the potential to be the largest listing in the city so far in 2016.

India’s ICICI Bank is on track for its first dollar issuance of the year, having launched bookbuilding for a 10 year trade.

The Chinese green bond market is really starting to shape up with Bank of Qingdao (BQD) becoming the country’s third issuer domestically following the asset class’ debut this year.

ArcelorMittal’s share price shot up on Friday March 11 after the Amsterdam-listed miner and steel maker set the terms for its $3bn rights issue, but then dived on Tuesday morning and though it has recovered, is now lower than last week.

Hong Kong-based Chong Hing Bank (CHB) is marketing its debut Panda bond of up to Rmb1.5bn ($231m) and is aiming to price the deal this month, several sources close to the deal have told GlobalRMB.