Asia Pacific

China’s move to tighten its grip on overseas IPOs of technology companies could be a boon to a handful of other markets in Asia.

Indian food delivery app Zomato has launched its hotly-anticipated IPO of up to Rp98.9bn ($1.32bn), anchored by a strong book of global heavyweight investors.

CLP Power Hong Kong's latest $300m bond offered a rare bit of stability in a volatile market, making the well-established borrower popular with investors — but only for the right price.

Chinese state-owned enterprise Zhejiang Provincial Energy Group Co has returned to the offshore market for the first time in nearly seven years to print a $500m bond.

Three real estate developers from Greater China raised additional funding from the dollar bond market through opportunistic trades on Tuesday, taking some comfort from the Chinese central bank’s recent move to boost renminbi liquidity.

State-owned Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) is in the market for a $790m loan, its largest offshore facility yet.

Commonwealth Bank of Australia’s has increased the size of its covered bond programme after the Reserve Bank of Australia opted to end its Term Funding Facility, suggesting that Australian banks could be on the verge of increasing their public bond market funding.

Indian financial technology company One MobiKwik Systems is eyeing Rp19bn ($255.1m) from an IPO, having filed initial documents with the regulator.

The liquidity crisis at Chinese real estate issuer Sichuan Languang Development Co went up a notch this week, after it failed to repay Rmb900m ($139m) of domestic bonds.

Minor International Public Co, a Thai hotel operator, closed a $300m transaction on Monday as part of a liability management exercise.

Korea Investment & Securities marketed a three year and a five year bond on Monday, raising a combined $600m.

Private equity firm Blackstone is raising $1.1bn to support its purchase of a stake in Indian IT company Mphasis. The deal is set to be the largest leveraged buyout loan in the country — and comes with a group of 13 bookrunners at the top. Pan Yue reports.