Asia Pacific

Philippines-based renewable power producer AC Energy has generated Ps12.4bn ($256.3m) in fresh equity, pricing a sale of new shares at the bottom of the marketed range, according to a source familiar with the matter.

The Singapore-incorporated global energy company Puma Energy has bounced back after a planned bond issuance last year failed to materialise, raising $590m in the loan market. Sources say the company’s change of management and reorganisation brought a “sense of relief”.

The Development Bank of Kazakhstan on Thursday launched a dual tranche bond in dollars and Kazakh tenge. Investor interest in emerging market local currency debt has increased over the last year, as the hunt for yield grows.

Beijing Enterprises Holdings battled weakened sentiment around Chinese state-owned enterprises to sell a $700m dual tranche transaction on Wednesday. The company was able to price a successful deal, but only after overcoming recent fears about Chinese issuers. Morgan Davis reports.

PowerGrid Infrastructure Investment Trust kicked off India’s third InvIT IPO on Thursday, aiming to raise up to Rp77.3bn ($1.03bn) in proceeds.

The social confines of the past year have made me forget the importance of behaving myself in front of strangers.

SK IE Technology raised W2.29tr ($2.07bn) this week from the largest Korea IPO since 2017. The deal achieved record demand as institutional investors bet on a sector leader and retail buyers rushed to the market for short term gains. Jonathan Breen reports.

South Korea's Kookmin Bank enticed investors into its latest bond sale by using a sustainability label.

Vietnam property developer BIM Land JSC made its debut in the dollar market this week with a green transaction.

The Shanghai and Shenzhen stock exchanges have tightened rules for public bond issuance in China’s exchange market, releasing new guidelines that are likely to restrict supply from weaker issuers and deter investment holding companies, local government financing vehicles and real estate developers. Addison Gong reports.

The National Association of Financial Market Institutional Investors plans to launch sustainability-linked bonds (SLBs) in the onshore market, after releasing official guidelines on Wednesday.

The Asian Development dropped into the dim sum market on Wednesday to sell the first note from an SSA issuer in almost three weeks. Despite the recent absence of SSA names, the asset class is on pace for a record year.