Asia Pacific

Industrial Bank of Korea (IBK) wants to return to the Malaysian ringgit market later this year after it closed a M$300m ($93.5m) deal last week, said a funding official.

Hopewell Highway Infrastructure, a subsidiary of Hong Kong conglomerate Hopewell Holdings, looks set to become the first corporation to sell renminbi bonds in Hong Kong, when it attempts a two year deal early next month.

ANZ National (International), the New Zealand subsidiary of ANZ Banking Group, issued a ¥12.3bn five year Euroyen deal on Friday, the biggest non-government guaranteed issue by a New Zealand bank.

New Zealand is keen to take advantage of growing interest from international investors to support its rising borrowing plans, according to the country’s treasurer.

SingTel Optus, the Australian subsidiary of Singapore Telecommunications, raised HK$1bn ($128m) this week in Hong Kong’s local bond market, one of the few sources of local currency bond volume over the last few weeks.

Bank of Tokyo-Mitsubishi UFJ closed a Rmb1bn ($146m) Panda bond at the end of last week, becoming the first foreign bank to sell bonds in China’s domestic capital market.

Bank of Tokyo-Mitsubishi UFJ will become the first foreign bank to sell bonds in China’s domestic capital markets on Thursday with a Rmb1bn ($146m) issue that marks a big step forward in the liberalisation of the country’s financial system.