Asia Pacific

IMF staff have issued a detailed report containing the analysis and recommendations made to the Fund's executive board ahead of its SDR decision. The report offers a useful analysis into the RMB's standing globally, including its importance as a reserve currency and the level of trading it commands in global foreign exchange markets.

The South Korean government is planning to offer a three year Panda bond of up to Rmb3bn ($467m) on December 15 (Tuesday), sources close to the deal have told GlobalRMB. If the deal launches as scheduled, it will mark the very first Panda bond from a sovereign credit.

The Singapore Exchange (SGX) has rearranged its organisational structure, integrating its sales and product teams into one that is focused on client solutions.

Bharat Oman Refineries (BORL), which sent out a request for proposal for a loan of $125m in October, has mandated a group of three banks for the financing.

The Reserve Bank of India has come out with a new framework for raising offshore debt, with one of the rules preventing non-banking financial corporations (NBFCs) from issuing anything other than rupee denominated debt.

CYBG may be an ugly name, but it is going to become a familiar one. The Clydesdale and Yorkshire Bank Group will price its IPO on February 2 next year, and begin trading on the London Stock Exchange the same day.

The European Bank for Reconstruction and Development has printed a medium term note linked to Kyrgyz government debt.

Standard Chartered Hong Kong has priced its debut three year Panda bond at 3.50% at a total issuing size of Rmb1bn ($156m), two sources on the deal have told GlobalRMB. The deal is the first out of the bank’s total Rmb2bn Panda bond quota from the People’s Bank of China (PBoC).

The China Securities Regulatory Commission has given the Shanghai, Shenzhen and the futures bourses approval to introduce a circuit breaker mechanism in a bid to bring some long-term stability to its markets.

Bank of China’s shareholders have given the go ahead for plans to list subsidiary BoC Aviation on the Hong Kong Stock Exchange.

Eastspring Investments has appointed industry veteran Au King Lun as chief executive officer for Hong Kong, effective on December 7.

Bank of Zhengzhou started gauging investor appetite for its IPO of roughly $600m on December 7, as the last of the Chinese city commercial lenders prepares for a Hong Kong listing this year.