Asia Pacific

China Construction Bank (CCB) Financial Leasing Corp came straight to the market after a roadshow for its debut dollar outing. Bankers on the deal hope the borrower’s strong name in a rare sector as well as decent premium attract strong demand.

Xinte Energy, a Chinese company that operates in the photovoltaic industry, is seeking a listing that could raise as much as $400m-$500m in Hong Kong, having filed a preliminary prospectus with the city’s regulator on July 20.

Nomura, has named Shengbo Tang as head of Hong Kong and China insurance and non-bank financials research.

Tata Steel is looking to reprice a $3.1bn refinancing it sealed in 2014 and has asked banks on that deal for feedback. Although the loan is not performing remarkably in secondary, the company will be able to cut costs thanks to its solid banking relationships, said a source who worked on the 2014 borrowing.

Industrial and Commercial Bank of China (ICBC) Singapore has completed the first onshore RMB repo transaction among foreign institutions, after the Chinese central bank gave the green light to offshore RMB clearing banks and RMB clearing correspondent banks to participate in the onshore repo market.

Existing shareholders have sprung into action to support Jardine Cycle & Carriage’s S$1.0bn ($729m) one-for-nine rights issue, with the deal ending up well oversubscribed.

Wealth and asset management firm Northern Trust Corporation has bumped up two of its veteran employees as the company focuses on growth in Asia Pacific.

Bank of China’s (BoC) latest level for its cross-border RMB Index (CRI) shows that RMB usage in overseas markets reached a high in May, with the share of RMB usage in global payments standing at 2.18%, exceeding the previous record of 2.17% in December 2014.

Mizuho has emerged as a frontrunner for National Thermal Power Corp’s $100m loan. The company mandated the Japanese bank for its previous fundraising.

Reforms in China's foreign exchange system and capital account will see the renminbi take on a greater role in the global economy, leading to an "inevitable" inclusion of the currency in the Special Drawing Rights (SDR) basket of the International Monetary Fund (IMF), HSBC said in a July 20 report.

The Republic of the Union of Myanmar could soon be making waves in the international debt market, having enlisted the help of Citi and Standard Chartered to attain its first credit rating.

Thai Union Frozen Products Public Company opened books for a Bt12.72bn ($371m) preferential public offering on Monday, July 20, following non-deal roadshows that brought some positive feedback from the investor community.