Asia Pacific

The government of Mongolia is testing the market’s appetite for a $200m two tranche loan that has launched into syndication.

Union Medical Healthcare has priced its HK$742.4m ($95.5m) Hong Kong IPO close to the floor of the expected range, as investor sensitivity meant the issuer chose prudence over price.

Bank of China has filed an application to list its aircraft lessor in Hong Kong in a deal that could raise as much as $2bn.

Hyundai Capital Services (HCS) launched an inaugural green offering on Monday, giving green bond investors a new name in Asia.

IDBI Bank is meeting investors on Monday for a potential additional tier one (AT1) trade in what could finally be the first offshore bank capital offering from India.

Hutchison China MediTech (Chi-Med), the drug-making arm of Hong Kong billionaire Li Ka-shing’s Hutchison Whampoa, has opened books for its $100m IPO on the Nasdaq.

The reduction in cross-border lending to China and increased capital outflows observed in 2015 might be more tied to a reduction in offshore RMB deposits than capital flight, according to the Bank for International Settlement (BIS).

Doosan Bobcat has put together a shortlist of firms to lead its IPO in South Korea, with the final bookrunning group expected to be announced on Tuesday.

Saka Energi Indonesia, the upstream oil and gas arm of state-owned Perusahaan Gas Negara, has signed its $600m loan, finding demand from seven lenders in syndication.

Two Hong Kong-based bankers are set to leave boutique investment bank China Renaissance by the middle of the year.

The Securities Commission Malaysia is getting a new deputy chief executive, with Ahmad Fairuz Zainol Abidin to step into the role at the start of April.

Four banks are favourites to win the mandate for a $500m borrowing by the Democratic Socialist Republic of Sri Lanka, which sent out a request for proposals for the loan in June last year.