Asia Pacific

Yue Xiu Enterprises has doubled the size of its loan to $400m after seeing strong demand from lenders during syndication.

Commonwealth Bank of Australia (CBA) funded itself more cheaply with a 15 year covered bond than it did with a five year this week. It followed Swedish Covered Bond Corporation (SCBC) which issued at the same spread as earlier deals despite a market widening.

DCC — SIG — Capital & Regional — Transcom — North Energy

Morgan Stanley has announced a round of managing director promotions for the year, which include a number of capital markets moves in Asia.

The Hong Kong Stock Exchange (HKEX) wants to give investors access to IPOs in the city and China, with an “IPO connect” now in the works. But with investors still reeling from the turbulence in China’s A-share market, the move faces plenty of challenges.

Thin deals volume from Indonesia last year is expected to continue into 2016 because of pressure on commodities and unfavourable swap rates. But there might be some respite on the way when it comes to pricing loans for state-owned companies, writes Shruti Chaturvedi.

Macau casino operator SJM Holdings is hunting for a HK$25bn ($3.2bn) loan to fund a new project in the city. Although the gaming industry in Macau is experiencing a lean period, loans bankers are expected to place their bets on SJM’s strong market position.

China Railway Rolling Stock Corp hit the equity-linked market this week for $600m, becoming only the second firm to print an H-share CB in Asia since 2007. The deal, which follows a similar issue from a Chinese peer earlier this month, has set in motion the transition from a rare deal type into a regular funding option.

The Securities and Exchange Commission of Pakistan (SECP) has made a series of changes to rules governing companies raising capital in its stock market.

Postal Savings Bank of China has selected five banks to lead its jumbo $15bn IPO, which is set to become the largest listing in Hong Kong in five years.

Lorna Greene, a former Commerzbank banker, has resurfaced as a member of National Australia Bank’s Asia DCM team.

Haitong International Securities has hit the market for a HK$8bn ($1bn) three year bullet, which could increase in size depending on demand.