Asia Pacific

United Overseas Bank managed to extend its curve with €750m of eight year funding in the covered bond market on Tuesday at levels were well inside its previous blowout deal issued in November. However, bankers off the mandate gave the deal mixed reviews.

Indonesian multi-finance company Federal International Finance is making a quick return to the market for a $250m new money loan, having closed two deals in the past year.

Chinese issuers Redsun Properties Group and Shandong Hi-Speed Group Co have hit the offshore bond market, grabbing a brief issuance window ahead of a public holiday on Wednesday.

Viva China Holdings has raised HK$3.8bn ($491.4m) after offloading a block of shares in Chinese sportswear manufacturer Li Ning Co, according to a source familiar with the matter.

Nomura’s Asia ex-Japan healthcare investment banking head, Vijay Karwal, has left the firm after a three year stint to join a biopharmaceutical company.

Singapore’s food and agri-business Olam has raised a $1bn loan to support its acquisition of US spices and seasoning company Olde Thompson.

Barclays has hired Mani Joseph from Goldman Sachs to lead its Asia special situations team.

Property manager Central China Management Co has kicked off the roadshow for its IPO. It is aiming to raise up to HK$1.05bn ($135.2m).

A senior China DCM banker from HSBC is taking a new position at CLSA, the international platform of China's Citic Securities.

Property developer China Vanke Co brought a rare investment grade-rated corporate deal to the offshore renminbi (CNH) bond market on Monday, pricing the deal inside its dollar curve after a warm response from investors.

Michelle Wang, who left JP Morgan more than a decade ago, has returned to the bank as its new co-head of China investment banking coverage.

United Overseas Bank and Raiffeisen-Landesbank Steiermark (RFLBST) have mandated leads for covered bond deals amid a weakening spread environment.