Asia Pacific

Asia's green financing market received a boost this week with IDBI Bank bringing India’s second dollar-denominated bond. Market participants expect the deal to be followed by more such trades from the country.

Korea Development Bank (KDB) is returning to a tried and tested formula for its latest offshore renminbi outing, opening books for a single tranche dual-listed bond on November 24.

The Securities and Exchange Board of India (Sebi), the country’s financial markets watchdog, is understood to be vexed about the lack of retail participation in two recent high-profile IPOs. But this is much ado about nothing, and it would be a mistake for the regulator to start meddling again to protect the interests of small investors.

The Securities and Exchange Board of India (Sebi) and the Bangladesh Securities and Exchange Commission (BSEC) have agreed to extend bilateral co-operation and technical assistance to each other under a new pact.

Indonesian miner Berau Coal Energy is conducting a tender offer to buy back its two outstanding dollar bonds, the company announced on November 24.

The Singapore covered bond market could soon be welcoming a second participant after United Overseas Bank announced a $8bn global covered bond programme this week.

India’s Reliance Industries signed its $1.47bn dual-currency loan at the end of last week in Dubai, with the deal sealed following commitments from a group of around 30 lenders.

A $200m loan for China Water Affairs Group has been launched, with the Asian Development Bank providing half the fundraising and the remainder to come from lenders in syndication.

Although a strong dollar persists, Aberdeen Asset Management Asia (Aberdeen) says that Asia is in reasonably good shape and China has been a great investment, particularly onshore market.

BPCE has registered to sell more Samurai subordinated bonds, looking to build on a successful debut in the format earlier this year, as European banks diversify their sources of new capital.

Bank of Jinzhou Co started taking orders on Monday for its up to HK$7.31bn ($943.25m) IPO in Hong Kong, with just one cornerstone investor taking up 15% of the shares in the Chinese city commercial lender.

Saka Energi Indonesia, a subsidiary of Perusahaan Gas Negara, has hit the market for a financing of up to $600m and is giving the banks the option of booking the loan onshore or offshore.