Asia Pacific

OUE Commercial Real Estate Investment Trust (Reit), which is looking for a S$360m ($258m) three year loan to fund acquisitions, has launched the deal into general syndication.

Rizal Commercial Banking Corp (RCBC) has wrapped up its second offering in the dollar bond market this year, finding strong interest from onshore and offshore investors thanks to a rating upgrade from Moody’s.

The Province of British Columbia (BC) is mulling a debut Panda bond, which would set another record for the province as the first foreign government issuer in China's onshore bond market. However, to go ahead BC will need the Chinese regulator to allow sovereigns into the recently reopened Panda bond market.

Short-end CNY swaps remain subject to receiving interest and the curve continues to steepen in the wake of Friday's PBoC easing move. There is also some nervousness about the potential for tomorrow's FOMC meeting to trigger an acceleration in capital outflows, writes Deirdre Yeung of Total Derivatives.

The Democratic Socialist Republic of Sri Lanka is out in the dollar bond market for the second time this year, marketing a new deal on Tuesday. The country has opted for the same format, tenor as the previous deal via the same banks.

Golden Meditech has closed its HK$985.70m ($127.19m) rights issue with shareholders taking up just 69% of the transaction, forcing its underwriter to absorb the remaining shares.

Wenzhou Kangning Hospital Co started to test investor appetite for its IPO of around $100m on Monday, with bookbuilding expected to kick off in early November.

Beijing-based boutique investment bank, China Renaissance, has launched a new division to advise companies looking to raise funds in China’s onshore capital markets, expanding the firm’s services to include both its home and overseas markets.

China International Capital Corp (CICC) is continuing the recent run of Hong Kong IPOs counting on heavy cornerstone support from state-owned enterprises. The investment bank opened books on Monday for a HK$6.29bn ($811.61m) listing, with about half the trade already covered by SOEs.

Malaysian telecommunications company Axiata Group has mandated banks for its first Islamic bond in more than three years.

Standard Chartered has decided to exit its equity derivatives and convertible bonds businesses in yet another move by the bank to bolster its performance by withdrawing from non-core operations.

India's Religare Global Asset Management has refinanced existing loans with a fundraising of $150m.