Asia Pacific

Integrated natural gas company, China Gas, and milk producer China Modern Dairy have become the latest Chinese borrowers to prepay foreign currency loans.

Asia's green bond market welcomed the return of Export-Import Bank of Korea (Kexim) this week. Despite volatility, the frequent issuer priced a green bond flat to its conventional debt and market participants expect more Korean issuers to follow suit, reports Narae Kim.

Hangzhou Hikvision Digital Technology launched its maiden international bond on Wednesday, opening books for a euro-denominated three year trade at the Asia open.

LCH.Clearnet, the clearing business majority owned by the London Stock Exchange Group, has been granted clearing house status by the Monetary Authority of Singapore.

Volkswagen’s record for the tightest priced China auto ABS, set only a fortnight ago, was broken this week. Beijing Hyundai Auto Finance, which made its securitization debut with a Rmb1.5bn ($228m) deal, is the new record holder.

Hong Kong’s stock market regulator has publicly censured Goldman Sachs for breaches of the Code on Takeovers and Mergers, it said in a statement on Tuesday.

Four banks are due to bring a $430m five year loan for Baring’s acquisition of cosmetics packaging company HCP Global to the market after Chinese New Year.

Indian construction firm, Dilip Buildcon, has scaled down and refiled a draft prospectus for a listing that it first sought approval for nearly a year ago.

The future looks bright for China’s domestic bond market having started the year in full throttle with Shanghai Pudong Development Bank (SPDB) and Industrial Bank raising a combined Rmb30bn ($4.6bn). But while the volumes may be impressive, making sure issuers honour the green label will be the real test.

Manulife Asset Management has appointed Geoff Lewis as key macro strategist, Asia, on the capital markets & strategy team.

Chinese drug maker BeiGene has decided to price its US listing on Tuesday evening, a day earlier than planned, according to sources close to the deal.

Export-Import Bank of Korea (Kexim) started building books for its second green bond on Tuesday, almost three years after selling its debut. That green bond was not only the borrower’s first, but Asia’s inaugural offering.