Asia Pacific

Baring Private Equity Asia has lined up five banks to syndicate a $456m loan that backs its bid for Singapore-based Interplex Holdings.

Award ceremonies are a time to drink, catch up with old friends and brag about the success of your business and your team. And for old retirees like me, it appears to be the time to put your foot into your mouth.

SAIC-GMAC is poised to become the third issuer in the China auto ABS market this year. But the auto finance company has set its sights on a landmark trade, opening books on the country’s first auto ABS with a revolving structure.

Deutsche Bank and Australia and New Zealand Bank have lost senior members of their teams in Asia.

The Asia ex-Japan primary bond market got off to a blazing restart after the Chinese New Year holidays with the Republic of the Philippines raising $2bn from a popular accelerated one-day switch plus new money transaction.

Loans for ONGC Videsh and Saka Energi Indonesia have had commitments from banks, with the former likely to close at the end of this week.

A $465m 21 month refinancing for Hindustan Petroleum Corp (HPCL) has gone into general syndication after the borrower mandated banks for the loan in December 2015.

HCL Technologies is preparing to launch a $1bn float in the US, which would make it the first Indian company to list there in more than two years.

Confidence in holding RMB assets may have hit rock bottom with no new incentives from regulators to boost the market, but Geoff Lewis, senior strategist at Manulife Asset Management, believes there are silver linings for those with an investment horizon of 12 months or more.

A senior banker from Deutsche Bank’s Asia leveraged finance team has left the firm, according to sources.

Hong Kong’s MTR Corp is seeking a loan of HK$15bn ($1.9bn) in two tranches and has picked a quartet of banks to helm the trade.

Chinese aluminium manufacturer China Hongqiao Group has wrapped up its HK$3.8bn ($487.8m) rights issue, with shareholders signing up for roughly 80% of the offering.