Asia Pacific

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.

Two Chinese policy banks have issued dollar-denominated bonds onshore after a long hiatus, as the renminbi exchange rate continues to strengthen and foreign currency deposits in China hit a record high.

DBS Securities (China) officially opened for business on Monday, as foreign banks continue to expand their presence in the mainland.

JC International Finance and Leasing Co, a wholly-owned subsidiary of China’s Legend Holdings, is making its loan debut.