Asia Pacific

Ashurst has hired a new partner, Robert Child, to boost its Asia restructuring and insolvency business.

Aluminum Corp of China (Chalco) sealed a $1bn bond this week, pricing both tranches of the deal inside some fair value estimates.

Emerging market bond investors are looking to buy short dated deals amid rates volatility. However, EM issuers seem determined to plough ahead with longer dated transactions and some believe that if rates stabilise, there will be even more such supply.

Financial services company Far East Horizon has raised $200m from a convertible bond, its second CB in as many months.

A leading shareholder in WuXi Biologics (Cayman) has pocketed HK$10.3bn ($1.3bn) after offloading a chunk of the company’s shares.

The Vietnam consumer finance subsidiary of Korea’s Mirae Asset Financial Group has become the latest firm to join a flurry of Vietnamese financial institutions in the loan market.

CMB International has hired Branson Song, a veteran equity capital markets banker, as head of its ECM business.

If there is one year where Asia’s bond market needs to slow down for the summer, and then emerge stronger and better, it’s 2021.

UBS opened the European bank earnings season on Tuesday with a strong set of results from its M&A and capital markets businesses, which CEO Ralph Hamers seized as an opportunity to play up the importance of talented bankers over the generous application of balance sheet.

Car Inc is seeking a new loan after an absence of five years from the market, but it will have to navigate the fallout from Luckin Coffee’s past governance concerns and the latest crackdown by China on technology companies to get its deal across the finish line. Pan Yue reports.

Bukalapak, an Indonesian e-commerce company, has closed the orderbook for its IPO and is expected to price the deal at the top of the marketed range, according to a source familiar with the matter.

Del Monte Philippines kicked off pre-deal investor education for its IPO on Tuesday, according to a source familiar with the matter.