Asia Pacific

A $430m five year loan for Baring Private Equity Asia’s acquisition of cosmetics packaging company HCP Global has launched into general syndication.

China’s state-owned Jiangxi Copper Company is lining up an A-share and H-share placement to raise a combined Rmb7bn ($1.07bn), according to a filing with the Hong Kong Stock Exchange.

In an unusual move, Malaysia’s Ranhill Holdings may shorten bookbuilding for its MR807.5m ($190.96mm) IPO to just one day, as volatile market conditions have made it impossible to find the right window.

Samsung SDI sold a W565.34bn ($457.0m) block in its sister company Samsung C&T on Thursday, taking advantage of strong demand to price the deal at the top of guidance.

In this round-up, RMB deposits in Taiwan held up in January while South Korea's fell further, Bank of China's RMB index closed 2015 on a positive note, Stock Connect sees more southbound than northbound trading, and the State Administration of Foreign Exchange added one RMB qualified foreign institutional investor (RQFII) quota this month. Plus, a recap of GlobalRMB's top stories this week.

A $400m loan for Wanda Commercial Properties Hong Kong has opened into senior syndication, with the deal coming just days after Moody’s revised the company’s outlook to negative from stable.

The Singapore Exchange (SGX) has put in a non-binding bid to acquire London-based Baltic Exchange, the global hub for trading and settlement of physical and derivative shipping contracts.

The opening up of China’s interbank bond market (CIBM) is one of the most significant steps towards liberalising the country’s capital markets. But with inbound investment schemes like RQFII and QFII losing their attractiveness in the process, some in the country are starting to feel sidelined.

Chinese e-commerce giant Alibaba Group is understood to be in talks with banks for a loan of about $4bn, according to sources.

Korea Resources Corp is looking to issue a dollar bond in the second quarter of the year as it needs up to $500m for overseas investments.

Latham & Watkins has beefed up its business in Asia by hiring three new partners and relocating two more to its Hong Kong office.

China is hosting the G20 meeting this week in Shanghai and the question about the path ahead for the renminbi is front and centre. But, despite subdued volatility in the currency following the Chinese New Year holiday, the picture remains as muddled as ever.