Asia Pacific

A $125m loan for Bharat PetroResources International (BPRL), a subsidiary of Bharat Petroleum Corp, has wound up with demand driven by Taiwanese lenders.

Dutch lender ING has appointed John Sprengelmeijer as its new Hong Kong branch manager from December.

While it’s a now presumed the renminbi will make it into the IMF’s Special Drawing Rights (SDR) basket, one thing still up for debate is the size of inflows into the currency. GlobalRMB rounds up some of the predictions in the market.

CRCC High-Tech Equipment Corp, a unit of Chinese state-owned China Railway Construction Corp, opened books on Monday for a HK$3.06bn ($395m) IPO, with the company counting on the unique nature of its business to appeal to investors.

Around this time last year, I reviewed the dismal performance of the Hong Kong primary markets, and ventured a guess that investors could instead turn en masse to ECM transactions in Malaysia, Singapore, Thailand, Indonesia - and even the Philippines. How wrong I was!

Philippine property developer DM Wenceslao and Associates, which was expected to open books for its IPO of around Ps10.73bn ($227m) this week, has pulled the plug on the transaction until next year.

Doosan Power Systems (DPS) and the Sydney branch of Industrial and Commercial Bank of China started attracting interest from bond investors on November 30, opening books for their respective dollar deals.

China Greenland Rundong Auto Group has become the latest auto dealer from the Mainland to increase the size of its borrowing thanks to strong demand.

Chinese authorities are expected to allow the renminbi to depreciate following the decision on the IMF Special Drawing Rights (SDR) basket, though there is a debate about how severe that fall will be. Either way, it is likely a hike in rates by the Federal Reserves (Fed) could hold more sway on the RMB's future than SDR inclusion.

The Province of British Columbia (BC) has moved one step closer to selling a Panda bond after it secured a quota of Rmb6bn ($973m) to issue renminbi-denominated notes in China’s interbank market.

Citic CLSA Securities has appointed Yu Zhao as its head of China corporate finance and capital markets, in a newly created position aimed at boosting the firm's coverage of the country.

DM Wenceslao and Associates has trimmed the maximum offer price on its IPO of up to Ps10.73bn ($227m) to Ps25 from Ps44, as it gears up to launch and price the deal in the coming weeks.