Asia Pacific

Indonesian telecom giant XL Axiata is preparing a rights issue as it looks to pay back a $500m shareholder loan.

Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV), which allocated its last loan in September 2015, is back for a borrowing of up to $200m.

The short-end of the RMB swap curve has been steady as the People’s Bank of China (PBoC) continues to provide the money market with liquidity ahead of next week's Chinese New Year holiday. Five-year swaps have been better bid on improving risk sentiment though and the 1s/5s NDIRS slope has steepened accordingly, writes Deirdre Yeung of Total Derivatives.

Commodity trader Gunvor Singapore has begun talks for a loan to refinance a $1.0627bn dual tranche revolver it wrapped up in July last year.

US-based index provider MSCI will exclude Hong Kong listed securities with a high ownership concentration from its Global Investable Market Indexes (GIMI), it said in a statement on Monday.

Lippo Karawaci has completed an early exchange offer to repurchase its outstanding notes as part of a debt management exercise. The result shows that the firm has come close to what it was expected to raise with the bond swap.

Myanmar’s stock market regulator is set to name the first company to be able to sell its shares on the Yangon Stock Exchange (YSX).

Thai telecoms and media company True Corporation is planning to sell Bt60bn ($1.68m) worth of shares through a rights offering, according to a filing with the Stock Exchange of Thailand.

The Indian government has raised as much as Rp6.37bn ($94.2m) after selling down its 10% stake in Engineers India, with the offering more than twice subscribed - nearly four times so by retail investors.

The Bombay Stock Exchange (BSE) has kicked off its plans to go public, which have been in the works for three years, with a formal request for IPO approval from India’s market regulator.

Mongolian Mining Corp (MMC) has hired two advisers as it seeks to restructure its outstanding bond. The plan comes as the country struggles with declining commodity prices and lower growth in China.

There is plenty of optimism surrounding China’s budding green bond market this year. Fresh from Shanghai Pudong Development Bank’s (SPDB) landmark Rmb20bn ($4.3bn) transaction, Industrial Bank has now joined the fray by raising Rmb10bn.