Asia Pacific

IDFC First Bank raised Rp30bn ($409m) this week from a larger than expected sale of primary shares.

Deliveroo and its shareholders raised £1.5bn this week. The IPO was a dog, priced at the bottom of its range and falling 20% on its debut. But it’s hard to feel sympathy for the investors.

South Korea’s SK IE Technology (SKIET) has begun work for its up to W2.29tr ($2.03bn) IPO, after getting preliminary approval to list from the Korea Exchange on Tuesday.

Demand in Hong Kong’s IPO market is cooling after a scorching start to the year. This week combined secondary turbulence, disappointing debuts from three new listings and heavy selling of Chinese technology stocks. Investors are turning cautious, reports Jonathan Breen.

The Republic of the Philippines sold its first zero-coupon bond in the Japanese market this week.

Huatai Securities Co was back in the dollar market on Tuesday, marketing a dual tranche transaction more than a year after its last dollar sale.

AIA Group sold its second tier two dollar bond on Tuesday, coming to the market after Hong Kong's new issuance regulations came into effect.

The best relationships are ones entirely bereft of contact. The pandemic has made that possible.

The Islamic Republic of Pakistan marketed its first dollar bond in more than three years this week, following the return of the country’s IMF programme. The triple tranche transaction raised the south Asian country $2.5bn — and proved its resilience in the face of the pandemic. Morgan Davis reports.

Property company China Jinmao Holdings Group sold its second dollar bond of 2021 on Tuesday, raising $600m from a five year note.

Hong Kong conglomerate Jardine Matheson Holdings made its entrance to the dollar market with a dual tranche transaction on Tuesday, part of the group's efforts to delist one of its units.

Five Chinese regulators have drafted new guidelines for domestic credit rating agencies, attempting to reform an industry that has faced renewed criticism in recent months. Addison Gong reports.