Asia Pacific

Indonesian multi-finance companies are continuing to favour club loans over syndicated deals, with Federal International Finance becoming the latest firm to use this route for its fundraising. Pan Yue reports.

Singapore Airlines is planning to raise S$6.2bn ($4.6bn) from a rights offering of mandatory convertible bonds.

Singapore has set up a new task force to give a fresh push to its green financing ambitions, rolling out initiatives and putting more focus on climate-related disclosures from financial institutions. Morgan Davis reports.

Freeport Indonesia is inviting banks to join the senior syndication stage of its $750m borrowing.

Foreign ownership of Chinese domestic bonds has hit an all-time high of over Rmb3.6tr ($562bn) — an impressive number but one that warrants a much closer look.

Hong Kong's heat levels have hit 30 degrees Celsius recently — meaning it's time for junk boat season.

Nomura’s Karwal moves to AffaMed — Barclays hires for special situations — JPM shakes things up in China, Aus — StanChart loses ABS banker

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.