Asia Pacific

Dalian Port Co has raised HK$4.33bn ($558.55m) from the first tranche of its private placement of H-shares, with a single investor taking up all the stock on offer, according to a company filing.

China Water Affairs has allocated its latest loan of $200m, doubling the deal size after a score of lenders formed the syndicate.

South Korea’s Woori Bank sealed a 144A return to the international bond market on January 12. The issuer’s aggressive pricing strategy kept US investors at bay, but it was unavoidable as the borrower wanted cheap funding, said bankers on the deal.

Malaysia’s CIMB is understood to have rejigged its equity capital markets operations, with Patrick Tan named the new head of ECM and syndicate for Asia, according to sources.

United Asia Finance (UAF) has started approaching banks for a new syndicated loan, as the Sun Hung Kai owned borrower returns to the market after nearly a year.

The Asia ex-Japan debt capital market was crowded with dollar issuers on January 13, with two investment grade bonds and two high yield notes opening in the morning.

There was shock this week in the offshore market when CNH Hong Kong interbank offered rate (CNH Hibor) reached a record high overnight of 66.8% on January 12. The dramatic move was a result of the People’s Bank of China interventions to stop people shorting the currency, FX traders told GlobalRMB.

Volkswagen kicked off the Chinese auto ABS market this week, raising Rmb2.99bn ($460m) from the sector’s tightest priced transaction yet.

Singapore Exchange will launch swaps and futures at the end of the month on its FOB SGX LNG Index Group (SLInG), a recently unveiled spot price index for Asian liquid natural gas.

The first Aluminium Japan Premium Futures contracts traded on Friday, CME Group has said.

Saudi Aramco and China Petrochemical Corp (Sinopec) are in talks for a new money loan for the Yanbu Aramco Sinopec Refining Co (Yasref), according to bankers.

Standard Chartered has firmed up the management structure of its global capital markets team led by Henrik Raber, as the bank divvies up responsibilities based on regions and products.