Asia Pacific

South Korean automaker Kia Motors is looking to make a comeback to the international bond market, having mandated two banks.

Asia’s primary debt market is set for a busy end to the month with another four issuers - Citic Envirotech, Korean Air Lines, Powerlong Real Estate Holdings and China Construction Bank Asia all looking to attract international investors with deals of their own on Thursday.

Bank of East Asia (BEA) has set the minimum coupon of its upcoming additional tier one issue at 5.5%, according to an announcement by the Hong Kong lender on November 18.

Intercontinental Exchange launched a Singaporean trading and clearing platform with ICE Futures Singapore and ICE Clear Singapore on Tuesday.

Malaysia’s Red Sena, the first special purpose acquisition company from the food and beverage sector, has garnered an oversubscription for its institutional tranche, giving it visibility on nearly the entire MR400m ($91m) IPO.

Hong Kong Exchanges and Clearing (HKEx) is shaking up its group structure, announcing a new chief operating officer as it gears up to launch a fresh strategic plan for 2016-2018.

Singaporean utility company SP PowerAssets made a rare outing to the dollar bond market on November 18, raising $700m from a tightly priced 10 year note.

Three shareholders in Dongbu Insurance Co are selling shares worth up to W357bn ($305m), in the first block trade exceeding $100m from South Korea in a month.

More details have emerged on Chinese technology firm Tencent Holdings’ $1.25bn loan that went into limited syndication last week.

Hong Kong property company New World Development has picked banks to arrange investor meetings ahead of a proposed dollar offering.

Flat Glass Group Co has covered books for its HK1.21bn ($155.61m) IPO in Hong Kong, with the trade likely to price in the lower half of its marketing range, said sources close to the situation.

The Hong Kong Stock Exchange (HKEx) plans to extend renminbi settlement operational hours for the Shanghai-Hong Kong Stock Connect in April 2016 in a bid to solve the outstanding settlement issues, a senior officer told GlobalRMB at the sidelines of event to celebrate the schemes’ one year anniversary.