Asia Pacific

Four Chinese borrowers hit the dollar bond market on Tuesday, raising $745m between them.

Chinese smartphone maker Xiaomi Corp has raised $3.96bn from a concurrent top-up placement and convertible bond issue.

Indonesian state-owned electricity company Perusahaan Listrik Negara is planning a return to the market for a new $1bn loan.

China Resources Mixc Lifestyle Services, the property management business of state-owned developer China Resources Land, is set to price its HK$12.3bn ($1.58bn) Hong Kong IPO at the top end of guidance.

Baker Bros Advisors, a shareholder in Chinese biopharmaceutical company BeiGene, has raised $340.1m from a sell-down of the firm’s American depositary shares.

JD Health International has raised HK$27bn ($3.5bn) after sealing its IPO at the top end of the marketed range, following a flood of global investor demand.

UzAuto Motors, a car maker owned by the Uzbek government, has raised its debut syndicated loan from European lenders. The deal is one of many over the last year that have opened up Uzbekistan’s borrowers to international capital markets.

Home appliance retailer Vesync has started pre-deal investor education for its Hong Kong IPO, which is expected to raise around $200m, according to a source close to the deal.

Taiwan’s Ministry of Finance has reportedly asked state-owned banks to take six steps to avoid lending to companies that will end up defaulting. Some of these steps are obvious, others are impractical — and all of them are unnecessary.

Chinese toy company Pop Mart International Group has launched its IPO, looking to fund expansion with up to HK$5.2bn ($674m) in fresh capital.

Singapore banking veteran Eric Lian has returned to UOB in a senior position after a stint at OCBC.

Genius Auto Finance Co, a joint venture between Geely Automobile Holdings and BNP Paribas Personal Finance, is readying a Rmb4.04bn ($614m) Generation 2020-4 retail auto loan securitization. Pricing is expected later this week.