Asia Pacific

Indian company ONGC Videsh has mandated four banks for a $500m fundraising, which is likely to be syndicated next month.

Shanghai MicroPort MedBot (Group) Co, which designs and develops surgical robots, is getting ready to list on the Hong Kong Stock Exchange.

Chinese ride-hailing firm Didi Chuxing has publicly filed for what is likely to be a jumbo IPO in the US, putting in motion its founders’ plans to become a ‘truly global technology company’.

Bank of Communications Financial Leasing Co used a sustainability label for its new $500m three year bond.

Chinese local government financing vehicle Ganzhou Jiankong Investment Holding Group Co sold a $270m bond on Thursday.

Gangfeng Lithium Co, the world’s largest lithium metal supplier, raised HK$4.869bn ($628m) from a placement over just two hours of bookbuilding as investors flocked to the Chinese company’s deal.

UniCredit has made a new senior hire in Asia to lead its client activities for South Korea.

Deutsche Bank has hired two former Barclays bankers to support its China business.

Covered bonds issued this week by SCBC and Bank of New Zealand were thinly oversubscribed and illustrated that investors are still sensitive to price, albeit that demand was good for a small green debut from Eika Boligkreditt and a tap from Oma Savings Bank.

Georgian Railway steamed into the green bond market on Thursday, raising a benchmark dollar bond.

New bond issuance from local government financing vehicles in China has taken a beating recently, as Beijing hardens its stance on keeping the country’s ‘hidden debt’ problem under control. But the challenging times are likely just beginning, writes Addison Gong.

Georgian Railway and Togo-headquartered Ecobank Transnational launched a green bond and a sustainability-linked bond, respectively, on Thursday.