Asia Pacific

One of Citi's Asia Pacific debt syndicate co-heads has left the bank, GlobalCapital Asia has learnt.

Commonwealth Bank of Australia’s New Zealand subsidiary, ASB Finance, has mandated leads for the first Kiwi covered bond since January 2019. At the same time, Berlin Hyp has appointed lead managers for a 12 year mortgage Pfandbrief.

Standard Chartered has revamped its corporate, commercial and institutional banking (CCIB) business, combining its credit and origination operations and promoting a number of senior bankers in Asia.

Chinese health insurance and healthcare crowdfunding platform Waterdrop has raised $360m after pricing its US IPO at the top of the marketed range.

China’s auto loan ABS market reopened strongly in May after a quiet few weeks, with SAIC-GMAC Automotive Finance Co, Volkswagen Finance (China) Co and domestic originator FAW Auto Finance Co all looking to price deals this week.

Guandong Haid Group Co, a Chinese agricultural and animal husbandry company, is in the loan market with its debut offshore borrowing of up to $400m.

Hong Kong's embattled Cathay Pacific Airways is gauging the market’s response for a new dollar bond, its first international outing in more than two decades.

Cement company Nuvoco Vistas Corp is planning a Rp50bn ($681.5m) listing, having filed draft IPO documents with the Indian regulator.

In this round-up, the China Securities Regulatory Commission plans to ask companies to include separate chapters for corporate governance as well as environmental and social responsibilities in their annual financial reports, and three Chinese telecommunications companies will be dropped from the New York Stock Exchange after an unsuccessful appeal.

Property developer and manager Kaisa Group Holdings has raised HK$2.59bn ($332.97m) from shareholders of its Hong Kong listed stock, to be partly used to fund an acquisition.

Three regular dollar bond issuers from China were the first out of the gates to tap investors on Thursday following a long holiday in the Mainland.

In this round-up, China’s trade surplus jumps in the first four months of the year, regulators unveil details for implementing the cross-border Wealth Management Connect pilot scheme between the Mainland, Hong Kong and Macau, and Beijing decides to suspend all activity under the China-Australia Strategic Economic Dialogue.