Asia Pacific

Ant Group, Alibaba’s fintech arm, has wrapped up a 10-day ‘pre-listing tutoring’ process for its A-share debut on the Shanghai Star board, paving the way for its hotly anticipated Hong Kong and China dual listing.

Chinese bottled water and beverage company Nongfu Spring has opened books for its HK$8.35bn ($1.08bn) IPO of H-shares on the back of support from state funds in the Mainland and Singapore.

21Vianet Group, a Chinese internet and data centre provider, is tapping equity investors with a follow-on offer of new American Depository Shares.

Shandong Guohui Investment Co relied heavily on its 20-strong syndicate group to seal a tightly priced $400m bond.

Future Retail made a $14m payment on its outstanding dollar bond this week, narrowly avoiding a default.

DBS has hired Abhishek Jain from Goldman Sachs to join its mergers and acquisition team.

South Korea telecommunications operator KT Corp broke a three-year hiatus from the bond market on Monday to raise $400m.

New Zealand began marketing a tap of its outstanding April 2027 bond on Monday as sovereigns get moving for a busy period of syndications. Finland could follow up with the first post-summer pubic sovereign bond in a core currency later this week.

Avic International Leasing Co has returned to the market for a $45m loan to support its purchase of two ships.

Chinese sportswear company Anta Sports Products has tapped the interbank market for the first time, pricing a Rmb1bn ($145m) Panda bond near the middle of guidance.

Hong Kong-listed tire materials maker Xingda International Holdings is planning to spin off and list its radial tire cord manufacturing business on the Mainland.

Chinese electric vehicle manufacturer XPeng has hit the road with its $1.1bn New York Stock Exchange IPO. It is the latest in a building pipeline of US listings by Mainland-based companies that are undeterred by rising tensions between the two countries.