Asia Pacific

Shandong Ruyi Technology Group Co’s dollar bonds fell to a new low this week after it defaulted on two onshore trades, adding to a spate of missed payments from Chinese companies recently.

Chinese streaming platform iQiyi has kicked off a combined convertible bond and follow-on offering that could raise around $1.7bn.

Gaming company Wynn Macau benefitted from a revival in sentiment around the casino industry for its bond return on Tuesday. It raised $750m from a tap of its 5.625% 2028 notes.

U Life Services Group, a Chinese property manager, is looking to Hong Kong’s bourse for fresh capital to fund expansion.

Adani International Container Terminal Private (AICTPL), part of India's Adani Group, sold its inaugural dollar bond on Monday. It raised $300m after receiving orders worth $2.85bn.

AirAsia X is looking to raise MR500m ($123m) from a rights issue and a placement of new stock to some shareholders.

Aabar Investments has pocketed MR932.4m ($229.4m) after selling down its remaining position in Malaysia’s RHB Bank, according to a source close to the deal.

Small appliance retailer Vesync has bagged HK$1.55bn ($200m) from its Hong Kong IPO, pricing the deal at the top of the guidance range.

Asia-based Impact Investment Exchange (IIX) has raised $27.7m from a women's livelihood bond that was linked to the Covid-19 pandemic. Its chief executive and founder explains the deal’s rationale to GlobalCapital Asia.

Concerns over Sri Lanka's ability to manage its debt continue to mount, with S&P Global Ratings downgrading the country further.

Neel Laungani has rejoined Credit Suisse in a senior position in the Asia Pacific investment banking and capital markets (IBCM) team.

HSBC's investment banking coverage team in Hong Kong will begin 2021 with some personnel changes.