Asia Pacific

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

Chongqing Pharmaceutical (Group) Co is making its debut in the loan market for $150m. It is set to directly compete against a larger Chinese state-owned peer that is also testing lenders’ appetite for a new fundraising.

The bonds and shares of China Evergrande Group and its subsidiaries continued to slide on Tuesday, after revelations of a dispute with a domestic lender triggered a widespread sell-off at the start of the week.

Anton Oilfield Services Group sold a $150m bond this week in an effort to tackle its debt maturity profile.

Three Chinese real estate developers sold green and sustainable bonds on Monday, adding further momentum to the booming asset class.

ICBC International Holdings priced a three year bond on Monday with the support of a 22-member syndicate team.

Indian food delivery platform Zomato has wrapped up its IPO 38.25 times subscribed. A stream of orders poured in from all corners of the market, with foreign institutions driving the deal.

China Lesso Group, a building materials manufacturer, has mandated five banks for a new money loan, returning to the market after two years.

South Korea’s Kakao Pay is revising the prospectus for its up to W1.63tr ($1.42bn) listing after the country’s securities regulator requested it to add more information to the documents, in the latest sign of an increasingly heavy-handed approach to the IPO market.

In this round-up, the Chinese central bank releases the first white paper for its digital currency, regulators led by the Cyberspace Administration of China conduct an on-site inspection at Didi Chuxing Technology, and the takeover period of nine financial firms linked to beleaguered conglomerate Tomorrow Holding has been extended.

The Philippines' treasury department is readying a dollar bond offering for retail investors as part of its efforts to shore up cash for the government's recovery and resilience programmes.

Mizuho has lost another three loans bankers in Hong Kong, after a senior director left at the beginning of the year, according to a source close to the situation.