Asia Pacific

Two Chinese real estate companies sold sub-one year bonds on Thursday, raising $350m between them.

Over the last year or so, my furry companion has become my co-worker, supervisor and live-in best friend. But he still doesn't have security clearance.

Asia’s equity-linked market has had a roaring year so far, with MicroPort Scientific Corp becoming the latest to add to the supply with its $700m debut convertible bond this week. The momentum is unlikely to fade anytime soon, as more issuers look for cheap money and get comfortable with the asset class, say bankers. Jonathan Breen reports.

Institutional and retail investors were in hot pursuit of China’s first nine infrastructure real estate investment trust (Reits) this week, as Beijing begins to develop the trillion-renminbi market.

Indofood CBP Sukses Makmur made its dollar debut this week with a dual tranche $1.75bn bond. The Indonesian noodle maker overcame investor scepticism about its fundraising strategy by selling long-dated notes that saw a strong reception from the market. Morgan Davis reports.

Indian company Tata Motors' subsidiary TML Holdings has printed its largest dollar bond so far, raising $425m at a low yield.

Loans bankers focused on Vietnam have had to quickly adapt their syndication strategy for deals from the country amid a new surge in Covid-19 cases. Their approaches have differed: while some banks are charging ahead with transactions, others are opting to delay deals. Pan Yue reports.

Crédit Agricole has named Ravi Nichani as head of acquisition finance and advisory for Asia Pacific, and leveraged and telecom finance group for Asia, effective in August.

A HK$2bn ($257.9m) loan to support a CVC Capital Partners-led consortium’s privatisation of Hong Kong fashion retail firm I.T has been launched into general syndication.

Philippine company SMC Global Power Holdings Corp returned to the dollar bond market for the first time this year on Wednesday, meeting strong-enough demand to boost the size of its deal and offer just a small premium.

CréditAg taps Nichani for acquisition finance — UBS hires for ECM from CMBI — SGX picks Goldman banker — CréditAg names sustainable banking head — Deutsche adds to coverage teams — Poon leads ING’s HK and China business — New APLMA chairman

Angelalign Technology, a Chinese dental care company, hit the market on Thursday with an IPO of up to HK$2.91bn ($375.3m).