Asia Pacific

Natural gas storage and transportation service provider CIMC Enric Holdings has sealed a $150m loan, finding demand from a syndicate of 13 banks.

The socially responsible investor base is growing nicely, as is its diversity in terms of geography and types. But growth could be about to hit warp speed as governments and regulators wake up to the sector. Craig McGlashan reports.

The year 2015 has seen important progress in the field of green bond investment in Asia, with the emergence of two big new markets — China and India. For its Tokyo roundtable, GlobalCapital invited a panel of issuers, investors, analysts and bankers to discuss the trends in the sector and the potential for development as new markets open up for the asset class across the region.

Asian green bonds are finally taking off, with an increase in dealflow and the emergence of new markets set to transform the potential of the asset class. But the investor base remains largely non-specialised, with the green credentials of a deal often of little importance. Christina Khouri reports.

China Development Bank opened books on September 29 for a dollar-euro combo, taking advantage of a small issuance window before China begins its Golden Week holidays on Thursday.

ING is making a return to the Australian RMBS market with its well-established IDOL series, which is expected to free up A$750m ($526m) for the Dutch lender.

Larsen & Toubro Infotech, the information technology services unit of Indian conglomerate Larsen & Toubro, plans to raise $300m from an IPO of only secondary shares.

Hengtou Securities is braving turbulent markets by launching a HK$1.69bn ($218.07m) IPO in Hong Kong on Tuesday, even as sell-downs intensified in several of the city’s biggest brokers.

Bank of China Hong Kong took the market by surprise on September 29 when it announced in the morning that it had successfully completed its Rmb1bn ($157m) Panda bond. That meant BOCHK, whose deal had been expected to run alongside a similar trade from HSBC that also priced on Tuesday, was able to claim the position of the first foreign bank to issue in China’s domestic bond market.

Mizuho Bank has raised Bt3bn ($83m) from its debut in the Thai bond market, with the deal also marking the first offering under a new pan-Asian initiative designed to streamline debt issuance. The trade received a robust response from investors, and is expected to pave the way for other similar transactions.

The leads on HM Sampoerna’s Rph20.8tr ($1.4bn) follow-on have told investors that the trade is covered across the price range, after the Indonesian unit of Philip Morris International attracted a slew of long-only investors.

A paper published by the University of Hong Kong argues that the city’s IPO sponsors may not in fact be subject to civil and criminal liabilities on prospectuses. This is a departure from the position taken by the Securities and Futures Commission last year, writes Philippe Espinasse.