Asia Pacific

MUFG has promoted a 30-year veteran banker to lead its China corporate banking franchise in the Mainland.

Bank of New Zealand (BNZ) priced an €850m seven year covered bond on Tuesday in line with the bid side of Westpac New Zealand’s deal in the same size and tenor issued last week. Although the order book was thinly subscribed, lead managers deemed the quality of orders high.

Consumer financing firm Home Credit Vietnam has launched an up to $100m loan into syndication, breaking down commitment tickets to smaller amounts to attract a wider group of lenders.

Indian financial technology start-up Paytm has won in-principle approval from its board of directors for an IPO that is expected to raise around $3bn, according to a source familiar with the matter.

Three issuers are planning to sell renminbi-denominated Panda bonds this week, bringing up to Rmb7.5bn ($1.17bn) of supply to China’s onshore market.

UP Fintech Holding has launched a follow-on offering of new American depositary shares (ADS) worth around $173.5m.

Deutsche Bank has hired a new head of global emerging markets business in Pakistan.

JP Morgan has named Cindy Xu as head of fintech investment banking for Asia, the latest move to expand the firm's regional technology team.

Casino operator SJM Holdings is planning a return to the loan market, as it looks to ride on the successes of two well-received bond deals this year.

Cambodian company NagaCorp navigated the difficulties posed by the closure of its casino to raise $200m on Monday, tackling investor questions and concerns while building up its cash reserves.

Eika Boligkreditt has mandated joint leads for a 10 year and its first green covered bond under its newly established green framework. At the same time, Bank of New Zealand plans a seven year benchmark and Finland's Oma Savings Bank intends to tap its outstanding six year deal.

Chinese online recruitment company Kanzhun has hit the road with an up to $912m Nasdaq listing.