Asia Pacific

The Hong Kong Monetary Authority’s newly unveiled Green and Sustainable Finance Grant Scheme is big on ambition but falls short on some areas that are growing in importance.

Four Chinese property companies rushed into the dollar bond market on Monday, following weeks of limited to no supply from the sector.

Piramal Glass has closed its $355m leveraged buyout loan, receiving strong response from 14 participants.

Cathay Pacific Airways has sold its first dollar bond in more than 20 years, battling suppressed business over the last two years to raise $650m from the long-overdue deal.

Korea Expressway Corp sold its first sustainability dollar bond on Monday, raising $500m as its scarcity value appealed to investors.

JSW Hydro Energy, a subsidiary of Indian power company JSW Energy, sold its first international bond this week, taking $707m from the green transaction.

New Hope Service Holdings, a Chinese property manager, has launched its Hong Kong listing of up to HK$940m ($121m). It already has the support of Xiaomi Corp and Ke Holdings.

Nomura has named Oliver Holt as head of debt syndicate for Asia ex-Japan, succeeding veteran banker Alister Moss, who is taking on a new position at the bank.

Seven Chinese issuers bagged Rmb7.3bn ($1.14bn) from their inaugural sustainability-linked bonds (SLBs) in the onshore market, as part of Beijing’s efforts to meet its ambitious carbon goals.

Malaysia’s 1MDB is understood to be suing Deutsche Bank and JP Morgan as part of an effort to recoup more than MR96.6bn ($23.5bn) in assets that it claims are linked to the state investment fund.

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.