Asia Pacific

Tata Motors has allocated its $250m loan among a score of lenders, with the deal coming close on the heels of a separate facility for the same company.

Nomura has announced changes to its senior management team, appointing Steven Ashley and Kentaro Okuda to jointly head its wholesale banking business.

A $460m refinancing for Tata Power subsidiary Bhira Investments has opened into syndication with seven banks at the helm.

Giles Ong, regional head of investment banking and advisory at Maybank, has resigned and plans to leave the firm in April.

Moody’s changed the outlook on the Chinese government’s credit rating to negative on Wednesday as a result of weakening financials, falling currency reserves and uncertainty about the country’s ability to implement economic reforms.

Rizal Commercial Banking Corp (RCBC) has doubled the size of its medium term note programme to $2bn.

Warburg Pincus is offloading shares in US-listed China Biologics Products via a block that could raise up to $385m.

Hong Kong-listed China Gas Holdings has broken new ground in China’s Panda bond market, becoming the first corporate issuer to take the deal proceeds offshore, several sources told GlobalCapital Asia's sister publication GlobalRMB this week.

Japanese retail investors will, for the first time, have the chance to invest in the International Finance Corporation's Masala programme after the supranational launched on Tuesday its first Masala Uridashi.

Malaysia’s special purpose acquisition companies (Spacs) have gone from showing promise to dead in the water, with the first liquidation of one of the vehicles last week. It’s time for market participants to make up their minds about the asset class.

Japan’s Sumitomo Mitsui Banking Corp has raised $300m via a combination of a public and private sale of half of its stake in Indian lender Kotak Mahindra Capital.

Malaysia’s CIMB has named Kong Sooi Lin the CEO of its investment bank, a role she had filled in the interim after the bank’s group chief executive left the position.