Asia Pacific

Indian non-banking finance company Au Financiers has sent out a request for proposals for an IPO that could raise $300m, according to a source that has received the RFP.

The Monetary Authority of Singapore (MAS) published a paper on banks’ underwriting and corporate lending businesses on Monday. While the central bank did not observe a deterioration in underwriting standards, it cautioned the country's lenders about the increasing use of working capital and bullet loans.

India’s National Stock Exchange has formed an official committee to move forward with its plans for a domestic IPO.

The financial services arm of US automaker Ford has picked two banks to arrange a potential bond denominated in Singapore dollars.

A $925m refinancing for Birla Carbon has received commitments from eight banks, taking the total number of incoming lenders to 10. The loan, which has been in syndication for three months, is likely to be allocated in early March.

Australian energy firm AusNet Services started attracting bids for a 60 non-call 5.5 year subordinated offering on Monday. The hybrid issuance is denominated in Singapore dollars and marks the company’s first outing in the currency.

China Development Bank Financial Leasing Co is looking to raise as much as $1bn with a Hong Kong IPO in the first half of 2016, according to a source with knowledge of the plan.

The China Securities Regulatory Commission (CSRC) has denied rumours that it was set to implement the registration-based system for IPOs in March after another volatile period of trading last week.

Ranhill Holdings launched its MR760m ($181m) IPO on Monday morning, with the Malaysian utility firm finally deciding to go ahead with a one-day bookbuild for the float.

China Oriental Group completed a buy back of a portion of its outstanding dollar bonds this week with the transaction closing at a tender rate of 28.9%.

Jiayuan International Group has opened books for a HK$1.12bn ($144.16m) listing in Hong Kong, with the Chinese property firm marketing the IPO at a huge discount to its net asset value.

Eco World International, which dropped plans for a special purpose acquisition company IPO in 2015, is seeking to raise $500m with a listing by the middle of this year, said sources.