Asia Pacific

The budding Chinese securitization market has taken another step forward with the National Association of Financial Market Institutional Investors (Nafmii) rolling out the first disclosure framework for consumer loan ABS.

Coffee Day Enterprises is set to become the biggest IPO in India in more than four years, with the coffee chain setting out the terms for its deal.

Standard Chartered’s latest Renminbi Globalisation Index (RGI) showed a 9.4% month on month boost to 2,312 in August from a revised 2,113 in July. The rise was mainly due a surge in CNH foreign exchange turnover caused by the increased currency volatility since the RMB fixing reform.

Credit Suisse has made two senior hires in Hong Kong, poaching them from rivals Standard Chartered and Morgan Stanley.

Tata Chemicals has picked banks for a new £200m ($303.5m) refinancing, hitting the market after a hiatus of nearly two years.

Poultry feed producer Charoen Pokphand (CP) Indonesia is tapping the syndicated loan market for a $355m dual-currency fundraising, split between rupiah and dollars.

ICBCIL Finance, a wholly-owned subsidiary of ICBC, has picked banks to work on its return to the international bond market, in what would only be its second dollar deal.

A $550m three tranche borrowing for Bank Rakyat Indonesia (BRI) has launched into general syndication, but not all the mandated lead arrangers and bookrunners are looking to sell down.

People’s Bank of China (PBoC) named Bank of China Zambia branch (BoC Zambia) as the latest RMB clearing bank, the central bank said in a statement on 30 September.

China held a series of high level government meetings with the UK and France in September. One of the most publicised pieces of news was the London’s plan for a Stock Connect but perhaps just as important are a number of moves by Euronext to facilitate Chinese investment on its platforms and develop new RMB products.

China’s scramble for natural resources may be over. But beyond the impact on sovereign finances of lower commodity prices, Africa’s domestic economies are still drawing investors from Western food and beverage multinationals, private equity — and even Chinese manufacturers

The slowdown of its economy has not dented China’s ambitions in Latin America. However, what is changing is the profile of the projects that China is considering, especially with infrastructure