Asia Pacific

Banks launched the first leg of the buyout package for Hillhouse Capital’s purchase of Philips Domestic Appliances on Tuesday, readying an €850m seven year term loan, with bonds to follow.

Crédit Agricole has appointed a new head of sustainable banking for Asia Pacific.

The Singapore Exchange has hired a senior Goldman Sachs banker to lead its global sales and origination business.

Qingdao Jiaozhou Bay Development Group Co, a local government financing vehicle from China's Shandong province, printed a $200m deal this week as it prepares to tackle an imminent bond maturity.

Hong Kong-listed mining company MMG has tapped equity investors for HK$2.34bn ($302.2m) after boosting the size of the primary share placement.

Two Chinese real estate borrowers, Agile Group Holdings and Datang Group Holdings, hit the dollar debt market on Monday.

Cambodia’s Acleda Bank has returned to the loan market after a three-year absence, and is testing lenders’ appetite for three different deals simultaneously.

Indian government-owned Canara Bank has received the go-ahead from its board of directors to start its 2021-22 fundraising.

China’s Full Truck Alliance (FTA), an Uber-like service for trucks, is planning an IPO on the New York Stock Exchange, having filed a prospectus with the US regulator.

Vietnam’s VNDirect Securities Corp has tapped the offshore loan market for the first time for a $50m borrowing.

A large sell-off over the past two months in the dollar bonds of embattled China Huarong Asset Management took a turn last week, as news around the firm’s financial health buoyed secondary market performance.

Deutsche Bank has made three senior hires to its coverage teams for China and Australia.