Asia Pacific

Video surveillance solutions provider UNV Digital Technologies filed for a Hong Kong IPO on August 17 with listing tentatively scheduled for the next two to three months.

Oversea-Chinese Banking Corporation (OCBC) has started taking orders for a benchmark-sized Basel III compliant additional tier one (AT1) offering.

Syndication has closed for a $1.5bn portion of a $1.93bn financing for the acquisition of Dutch company Philips’ LED component and automotive lighting business.The deal became a talking point among bankers, as it featured very low amortisation and a seven year tenor, which was considered aggressive by some.

Bank of Communications (BoCom) Financial Leasing and International Container Terminal Services (ICTSI) were back in the offshore bond market on August 18.

Al-Salām Reit has begun sounding out its MR252.36m ($64.69m) IPO in Malaysia to investors, with the company’s Shariah-compliant status expected to give it some buffer against the current macro and political uncertainties plaguing Malaysian stocks.

Hong Kong-listed Chong Hing Bank is bringing a rights issue to investors as it seeks to bolster its capital position. The lender plans to issue one rights share for every two existing shares, which will raise HK$3.71bn ($478.64m).

London-listed Kazakh copper producer Kaz Minerals has signed a three year loan with Caterpillar Financial Services, adding to the firm’s $3.5bn of bilateral debt.

New cross-border financing schemes are being introduced across the four Chinese free trade zones (FTZs), with the newest three, in Guangdong, Fujian and Tianjin, seeing plenty of success after just four months of operations, according to foreign banks.

Hong Kong Airlines is likely to shelve the renminbi portion of what was to be a landmark dual-currency IPO and go with just Hong Kong dollars for the $600m listing.

The Securities and Exchange Board of India (Sebi) has paved the way for listing of start-ups by firming up rules governing their IPOs, in a move that could change the landscape of the country’s equity capital markets.

Notebook parts maker Luxshare Precision Industry is in the market for a $200m revolver, with one bank at the helm. The Shenzhen-listed borrower is paying generous all-ins for the borrowing, which comes with a $100m greenshoe.

International Container Terminal Services (ICTSI) has named three banks to lead its upcoming, benchmark sized US dollar perpetual bond.