Asia Pacific

Philippine property developer SM Prime Holdings has started talks with lenders about a new facility to replace a $270m loan sealed in 2011.

ONGC Videsh,the international arm of India’s Oil and Natural Gas Corp, has sent out a request for proposals for a $750m refinancing with an undisclosed greenshoe.

Commonwealth Bank of Australia (CBA) is back in the RMBS market with an A$1bn ($718m) transaction that is due to price on Friday.

Singapore’s largest bank, DBS, has expanded its international footprint to Australia with the launch of a Sydney branch this week.

Korea Gas Corp (KoGas) is gearing up to raise as much as $1.7bn in offshore bonds next year, as part of plans to refinance existing debt and fund overseas projects.

The Reserve Bank of India (RBI) has named two banks as systemically important, which will require the pair to meet more stringent capital requirements from April 2016.

IPO bankers are treading cautiously around two of the post-summer season’s most highly anticipated trades in Hong Kong, after a global sell-off in stocks sent investors packing and clouded the outlook on shares sales with China links.

Under pressure from a volatile market, India’s Prabhat Dairy has cut the size of its IPO and extended bookbuilding until the end of the week in a bid to keep the deal afloat. While Prabhat had to pay the price, bankers in the country say their faith in the pipeline has not been shaken, writes John Loh.

Bank of America Merrill Lynch has bolstered its Asia Pacific investment banking team with a new hire from Morgan Stanley.

Bank of Tokyo-Mitsubishi UFJ has put Sanjeev Kumar at the helm of its new event finance team, created to serve the financing and investment needs of its corporate clients across Asia ex-Japan and Oceania.

A $240m dividend recapitalisation loan for Asia Satellite Telecommunications' (AsiaSat) sponsor Carlyle has seen seven banks commit so far, with one more lender awaited.

Foreign investors breathed a sigh of relief this week after India announced it will not be subjecting them to minimum alternate tax (MAT).