Asia Pacific

Lippo Malls Indonesia Retail (LMIR) Trust has wrapped up a S$100m ($70.6m) term loan with three lenders.

Allocations for a $300m financing for Beijing Enterprises Water Group have been revealed with commitments coming in from 13 lenders.

Ranhill Holdings will sell shares in its MR807.5m ($188.32m) IPO in Malaysia at a ceiling of MR1.70 apiece, with the trade slated to launch by the end of January, said a banker.

Société Générale is shuttering its equity research offering in India and has relocated its team from Mumbai to Bangalore in the process.

Chongqing Red Dragonfly Oil is seeking an onshore loan of up to $200m as it looks to forge relationships with foreign lenders in mainland China.

Asia’s debt capital market is set for a busy start to the year with both repeat and debut issuers looking to sell dollar offerings as early as this week.

Indian pharmaceutical companies Cipla and Lupin are set to tap the syndicated loan market in 2016 to refinance bridge loans they raised for acquisitions in early 2015.

A $1.5bn refinancing for Tata Steel that went into senior syndication in early December has been funded by 17 lenders.

The People’s Bank of China (PBoC) has doubled the trading hours of the onshore foreign exchange market, the central bank said on December 23.

Narayana Hrudayalaya has continued the stellar run of healthcare-themed IPOs in India with its Rp6.13bn ($92m) listing, which priced on Wednesday at the top of the indicative range.

Hong Kong-listed Redco Properties Group has completed a consent solicitation to modify terms and conditions of its outstanding dollar bond in a bid to have more flexibility to pursue business opportunities.

Qihoo 360 Technology is raising a $3.4bn equivalent renminbi loan to back its delisting from the New York Stock Exchange, picking China Merchants Bank to supply the funds.