Asia Pacific

HSBC has names Christina Cheah as head of global banking for Malaysia.

DBS Group Holdings has named a new Malaysia head and made a senior appointment in Singapore.

Bank of Nova Scotia returned to the dollar market with its first new trade in five months this week, after reporting its fiscal first quarter earnings. It was followed by Truist Financial selling an inaugural social bond.

Mining giant Vedanta Resources was back in the debt market on Thursday with a $1.2bn trade, giving further comfort to investors that it has not abandoned its plans to clean up its corporate structure.

China Development Bank Financial Leasing Co rode on solid demand for its dual tranche $1bn transaction on Thursday to seal the bonds inside of fair value, hitting both its targeted price and size.

Two Chinese property companies seized the market window on Thursday to raise a combined $802m from the bond market.

In this round-up, the State Council calls for more efforts in the development of green finance in China, regulators plan to kick off southbound trading under Bond Connect by the end of 2021, and large state-owned Chinese banks unveil the latest reshuffle in top leadership.

Huatong International Investment Holdings Co, a Chinese local government financing vehicle, raised $600m from its bond on Thursday, but had to sacrifice a tighter price for a larger transaction.

Taiwanese printed circuit board manufacturer Zhen Ding Technology Holding has closed a $250m loan with three participants.

Chinese company Gangfeng Lithium Co is gearing up to tap equity investors for as much as HK$4.9bn ($632m) from a private placement of its Hong Kong-listed shares, as it looks to raise money to expand some of its projects and investments.

Cheerwin Group, a Chinese company that makes personal and household care products, has thrown open its up to HK$3.1bn ($400m) Hong Kong IPO, testing investor appetite following a slump in the benchmark index this week over a planned increase in the stamp duty paid on stock trading.

The sell-off in the US Treasury and equity markets intensified this week as hopes rose of faster economic growth which could lead the Federal Reserve to taper quantitative easing. But that did not stop Japanese telecoms company Nippon Telegraph and Telephone Corp raising $8bn with its first dollar bond issue for nine years, amid a stampede for cheap funding.