Asia Pacific

BHG Retail Real Estate Investment Trust (Reit) has opened books for Singapore’s first mainboard IPO of the year, placing more than half of the S$255.8m ($181m) worth of stock in the hands of cornerstone investors.

Housing Development Finance Corp (HDFC) has picked five banks to work on India’s first offshore rupee-denominated, or Masala bond, with the deal expected to launch as early as next week.

East Capital, an asset manager that focuses on emerging and frontier markets, has named socially responsible investments specialist Francois Perrin as a portfolio manager in charge of Greater China.

South Korea's KEB Hana Bank is looking to make its first foray into the international bond market, hiring two banks for a dollar trade.

Hong Kong property giant New World Development made a successful return to the dollar bond market last week, using its rarity value to price a $950m trade inside its curve.

Huaneng Power International has raised HK$5.69bn ($734m) via a private placement of H-shares as the company shores up funds to repay outstanding loans and to supplement its working capital requirements.

India's IDBI Bank is looking to issue the second dollar-denominated green bond from the country, taking bids for a five year offering on November 23.

A pair of issuers based in southern China – Guangzhou Metro Group and Guangdong Rising Assets Management (GRAM) – are planning to make their respective debuts in the dollar bond market this week.

Bank of Qingdao Co is looking to raise up to HK$5.2bn ($666m) in a Hong Kong listing, with the trade opening books on November 20. This makes it the first of a handful of Chinese city commercial banks to launch their IPOs in the city.

Construction firm Datem, which received approval from the Philippine Stock Exchange earlier this month for its IPO, has decided to postpone its plans.

Hong Kong property company New World Development was out in the dollar bond market on November 20, marking its first offering this year.

Powerlong Real Estate Holdings returned to the dollar bond market following a hiatus of nearly three years, pricing a $200m deal inside its existing curve.