Asia Pacific

Chinese health insurance and healthcare crowdfunding platform Waterdrop has kicked off pre-deal investor education for its US listing, according to a source close to the IPO.

Indian agrochemical company UPL Corp has received strong response for its sustainability-linked loan during general syndication, allowing it to increase the size to $750m.

Bank of America sold a floating rate note over the Bloomberg short-term bank yield index rather than Sofr this week, as Morgan Stanley added to the post earnings rush in dollars.

Malaysian oil company Petroliam Nasional (Petronas) raised $3bn from a dual tranche bond, just a day after the country’s sovereign made its dollar return.

Top Glove Corp, the world’s largest manufacturer of rubber gloves, has revised its planned Hong Kong listing down to a size of HK$6.9bn ($889m).

BOC Aviation has sold a $750m bond through its US subsidiary, pricing its third dollar outing of the year at wider levels than some fair value estimates from analysts.

Indonesian property developer Pakuwon Jati returned to the offshore debt market this week after a four year hiatus, selling investors a $300m seven year bond.

Dalian Wanda Commercial Management Group Co sold a sub-one year bond on Thursday, raising $325m.

Philippines-based renewable power producer AC Energy Corp is drumming up demand for an up to Ps15.7bn ($323.7m) follow-on offering, scheduled for next week.

Bank of China sold one of its high-profile multi-currency, multi-tranche bond deals on Wednesday. The trade, which spanned five of the bank's global branches, raised a combined $2.35bn.

Freelance financial journalists in China have found a new source of work — disgruntled wives out to shame their husbands.

The government of Malaysia has made a triumphant return to the bond market, raising $1.3bn from a dual tranche sukuk. The inclusion of a sustainability label meant a diverse set of investors flocked to the trade, allowing the sovereign to surpass its initial size goal. Morgan Davis reports.