Asia Pacific

RHB Bank enticed investors with a rare bond from Malaysia’s banking sector, drawing in more than twice the demand for a $500m deal.

BoCom International Holdings Co leaned on a hefty syndicate team to lock up a $500m five year bond on Tuesday.

Singaporean logistics company GLP used a subordinated perpetual bond structure to raise $300m of green funds this week.

China’s Full Truck Alliance (FTA), billed as an Uber-style service for trucks, has raised $1.56bn from its New York IPO. A wave of global demand pushed final pricing to the top of the guidance, said a banker close to the deal.

The recent round of M&A and leveraged buyout financing provided by Chinese banks shows their growing ambition in the more complicated and riskier part of Asia’s loan market.

Chinese online human resources service provider 51job has raised a $1.825bn term loan from two banks to support its take-private.

Zylox-Tonbridge Medical Technology, a China-based medical device maker, is looking to raise up to HK$2.56bn ($329.9m) from a Hong Kong IPO.

Agriculture company Syngenta Group Co is working with three Chinese securities firms to prepare for a listing on Shanghai’s Star market.

Chinese real estate company Hopson Development Holdings returned to the offshore bond market for the fourth time this year on Monday, this time taking an aggressive approach to pricing its $200m deal.

A consortium led by Billion Development and Project Management, a Hong Kong-based property developer, is in talks with banks for a bridge loan to support its acquisition and reconstruction of an exhibition centre in the city.

China’s Aihuishou International, an online marketplace for second-hand electronics, traded up over 20% on its debut on the New York Stock Exchange, after sealing its IPO at the mid-point of the marketed range.

General Atlantic-owned Indian healthcare group Krishna Institute of Medical Sciences (Kims) has raised around Rp21.4bn ($288m) from a nearly four times subscribed IPO.