Asia Pacific
-
Indian solar company Azure Power Energy sold a green amortizing bond this week, raising $414m. -
Chinese local government financing vehicle Zhuhai Huafa Group Co priced a $250m perpetual bond with the support of a hefty syndicate team on Wednesday.
-
Hyundai Heavy Industries Co, the world’s largest shipbuilder, is aiming to raise up to W1.18tr ($1.03bn) from its IPO, bringing yet another chunky listing to the South Korean market.
-
Chemplast Sanmar has opened bookbuilding for its up to Rp38.5bn ($517.1m) IPO, while Aptus Value Housing Finance India is targeting Rp27.8bn.
-
Casino operator Wynn Macau is set to close a new loan of around $1.5bn with a small club of banks.
-
The growing divergence in the financial conditions of China’s banks means now more than ever, the country’s small and medium size lenders are in dire need of additional support.
-
China Huarong Asset Management's dollar bonds swung back up last week, making them the top performing investment grade notes in Asia.
-
ANZ has promoted veteran banker Farhan Faruqui as its new chief financial officer.
-
Industrial and Commercial Bank of China has added Vicky Chan, a loans banker from China Construction Bank, to its team following a restructuring of its origination and distribution business.
-
Two Chinese local government financing vehicles raised less than $100m each from the dollar bond market on Tuesday, in what is shaping up to be a relatively quiet week for debt issuance in Asia.
-
Power Finance Corp’s decision to ditch a Libor-linked loan in favour of a fixed rate deal is a bold move — but also shows how far behind Asia’s loan market still is in transitioning away from the benchmark lending rate.
-
A pair of banks moved the bar downwards as they printed two of the tightest Australian dollar deals since the 2008 financial crisis: ING Australia found demand for dual tranche covered bond, while United Overseas Bank tapped the three year point of the curve.
