Asia Pacific

Property manager China Resources Mixc Lifestyle Services is planning an IPO on Hong Kong’s stock exchange, getting the ball rolling with an application to the bourse this week.

Vietnamese mobile device retailer Mobile World Investment Corp has made a rapid return to loans for another $100m.

Hong Kong property developer Nan Fung International Holdings returned to the market with a $500m fixed-for-life perpetual bond in a bid to manage its liabilities and score lower interest rate for its debt.

Modern Land (China) Co received an 18 times oversubscribed book for a $100m tap of two of its green bonds, as investors threw their weight behind the Chinese property developer’s deal.

ZhongAn Online P&C Insurance Co was back in the dollar market on Monday, less than two months after making its debut.

Singapore has been a front-runner when it comes to moving away from Libor to a new benchmark, with its regulators, borrowers and banks playing an active role in preparing the market. The rest of Asia’s loan market should pay attention.

Fosun International has pocketed HK$2.45bn ($316.3m) after selling a chunk of Tsingtao Brewery's stock in a block trade, according to a source familiar with the matter.

Beijing-headquartered Asian Infrastructure Investment Bank (AIIB) has played a pre-eminent role in tackling Covid-19 this year, mainly by offering financial support to countries like Uzbekistan, Pakistan and Vietnam to combat the impact of the pandemic. But its work is not nearly over, as second and third waves of the coronavirus hit countries around the world.

Richard Gould is leaving CLSA, the international platform of China's Citic Securities, after spending less than 18 months as its chief executive.

Indofood CBP Sukses Makmur, an Indonesian instant noodle maker, has launched a $2.05bn-equivalent acquisition loan into syndication. The rare appearance of a strong credit in the market this year means banks appear eager to join the deal, writes Pan Yue.

CP Merchandising Co, a subsidiary of Thai agro-industrial and food conglomerate Charoen Pokphand Foods, has launched its $500m debut loan into general syndication.

South Korean game developer Kakao Games is preparing to open a two-day subscription period for its IPO, after pricing the stock at the top of the marketed range.