Asia Pacific

Indonesia is gearing up for its largest IPO in almost a year, with power producer Cikarang Listrindo eyeing a $300m listing on the Jakarta Stock Exchange in the first half of 2016.

Union Medical Healthcare has kicked off pre-deal investor education for its $100m-$150m IPO in Hong Kong, which is set to go on for the next two weeks, according to sources.

Samsung SDI is in the process of choosing leads to run the sale of its shares in Samsung C&T later this month, according to a source with knowledge of the deal.

Indiabulls Real Estate is moving forward with its plans to reduce its offshore borrowings and is in the market with an up to $50m buy-back of its dollar bond.

China Oriental Group has increased the tender price on its offer to repurchase all or a portion of its dollar-denominated bonds.

Standard Chartered’s Renminbi Globalisation Index (RGI) fell 2.1% month-on-month in December, bringing 2015 full-year change to minus 0.2%, the first annual decline since the index started in 2012.

Samsung Engineering’s W1.27tr ($1.06bn) rights issue has been 99.9% covered, with the remainder to be sold to the public, according to a source close to the deal.

Ranhill Holdings remains undecided on when to open books for its MR807.5m ($195.94m) Malaysian IPO and is taking a day-by-day approach on the launch due to volatile market conditions, said sources.

GMR Infrastructure and IRB Infrastructure Developers are seeking separate approvals from India’s stock market regulator to launch the country’s first publicly listed infrastructure investment trusts (InvITs).

Eddie Listorti, global co-head of fixed income, currencies and commodities at Australia and New Zealand Bank, has stepped down to set up his own commodities-focused fund, according to an internal memo obtained by GlobalCapital Asia.

Hong Kong blue chip Sun Hung Kai Properties has wrapped up a HK$15bn ($1.93bn) refinancing with 17 banks coming in for a piece of the deal.

Barclays has made Sushir Lohia head of global finance and risk solutions (GFRS) for Asia Pacific, according to an internal memo seen by GlobalCapital Asia.