Asia Pacific

Mainland-based Jiayi Education Holdings, an after-school tutoring company, has dropped its Hong Kong listing plan following news of a radical change to China’s education sector.

The Export-Import Bank of China has sold a renminbi-denominated perpetual bond, becoming the first among the country’s three policy lenders to tap the onshore debt market for additional tier one capital.

Chinese biopharmaceutical company I-Mab is moving ahead with plans for a dual listing in Shanghai, as it looks to broaden its investor base.

Avic International Leasing Co turned to the euro market on Tuesday for a sub-one year bond, but the deal’s short tenor and a rough issuance backdrop led to tepid investor response.

South Korea’s financial regulator has stepped up scrutiny of big IPOs recently, disrupting a few listings and stoking concerns about a pullback in deal flow. Investors have so far been undeterred — but it’s time they start paying attention.

Citi will be adding four new bankers to its markets and securities business in Australia next month.

Adani Ports and Special Economic Zone locked up a $750m dual-tranche bond on Monday. But the deal was not easy for the Indian borrower, as negative headlines at home and a volatile Asian market kept many investors away. Morgan Davis reports.

CarTrade Tech was approved by market regulator Securities and Exchange Board of India on Monday to proceed with its listing.

Singaporean sovereign wealth fund Temasek offered investors 10 year, 20 year and 40 year bonds this week when it priced its $2.5bn deal.

ICBC Financial Leasing Co sold a $1.25bn three tranche deal on Monday that was well supported by Chinese banks.

China Lesso Group’s $550m-equivalent dual-currency loan is in the market, with an open invitation for banks to join at three levels.

Fujian Yango Group Co has sold a $250m bond as part of a liability management exercise.