Asia Pacific

Indian pharmaceutical company Strides Shasun Arcolabs has priced a qualified institutional placement — which raised Rp11.03bn ($166.4m) — below its floor price, according to a filing with India’s National Stock Exchange on Monday.

YiChang HEC ChangJiang Pharmaceutical Co has priced its HK$1.67bn ($215.4m) IPO in the middle of the range, driven by price sensitive investors in the final book.

The London Stock Exchange (LSE) is working with Chinese authorities on the possibility of London-listed RMB-denominated shares, most likely in the form of global depositary receipts (GDRs), Jon Edwards, head of primary markets, Greater China, LSE, told GlobalRMB.

Shanghai Fosun Pharmaceutical Group is looking to spin off subsidiary Yaneng Bioscience with a listing in Hong Kong, according to a filing with the city’s stock exchange.

The central bank of Laos is planning to close its debut offshore syndicated loan at a size of $158m, in a deal that bankers are hailing as a benchmark for other issuers from the country.

The Securities and Exchange Board of India has put together a consultation paper for the public issuance of units of infrastructure investment trusts (InvITs), tackling topics ranging from filing an offer document to divvying up stock to potential investors.

Moody’s has boosted South Korea's credit rating by one notch to Aa2, thanks to the country's robust credit strength and its commitment to structural reforms.

Industrial and Commercial Bank of China (Europe) has received approval from the Luxembourg regulator for its ICBC Credit Suisse S&P China 500 Index Fund this week. The fund is the first Ucits product using Luxembourg’s own quote under the RMB Qualified Foreign Institutional Investor (RQFII) scheme.

Tata Chemicals Europe's £140m ($216m) five year dual-tranche facility has received commitments from two banks and is set to wind up in January.

San Miguel Corp is leaning towards peso as its currency of choice for a $1.1bn financing for a potential joint venture with telecommunications company Telstra.

The Stock Exchange of Thailand is aiming to hit Bt270bn ($7.5bn) in market capitalization for IPOs in 2016, after beating its target for this year by nearly Bt50bn, according to a statement from the bourse.

A $305m three year borrowing for Tata Power's subsidiary, Khopoli Investments, has received commitments from two banks, having been in general syndication since September.