Asia Pacific

Baring Private Equity Asia has tapped five banks to helm a $400m loan to back its bid for Singapore-based Interplex Holdings, with the deal to open into general syndication shortly.

Following a four year absence, South Korean lender Busan Bank has finally kicked off preparations for a dollar comeback which is scheduled for the second half of the year. However, the bank is still mulling over the best format to issue in.

HSBC has decided to remain headquartered in the UK following an extensive review by its board of directors, ending months of speculation that it could return to Hong Kong.

Chinese pharmaceutical company Hutchison China MediTech (Chi-Med) has picked a quartet of co-managers for a $100m listing on the Nasdaq.

Mitsubishi UFJ Financial Group is set to break new ground in Asia with an inaugural offering of bonds that meet total loss-absorbing capacity (TLAC) requirements.

A group of banks is firming up a $400m loan to back Baring Private Equity Asia’s bid for precision mechanical parts maker Interplex Holdings.

The Bombay Stock Exchange (BSE) has tapped Edelweiss Financial Services as the lead underwriter for its IPO in India that could raise as much as $200m at the end of the year.

The Korea Exchange has published a business plan outlining what it hopes to achieve this year, including preparing for its own IPO.

Two lenders are financing a club loan of close to £140m ($202.8m) for a subsidiary of the Employees Provident Fund of Malaysia.

Happy Year of the Monkey from GlobalRMB. In this round-up, the Singapore Exchange and the Moscow Exchange see sustained activity in RMB spot and derivatives contracts in January 2016, KraneShares plans a new RQFII China bond exchange traded fund (ETF), and the UK appoints a vice-president for the Asian Infrastructure Investment Bank.

Currency and tenor have been left open in the RFP for Russia’s first sovereign bond since 2013. Recommendations to print in dollars are expected to dominate and some have said that a renminbi tranche is a possibility. But the RFP has aroused suspicion that it could be a ruse to raise funding for sanctioned entities.

One of the four lenders on Tata Communications’ latest $250m club loan is selling down some of its hold, launching the trade into syndication at four levels.