Asia Pacific

Deutsche hires for top job in Vietnam – ANZ names two MDs – Citi Korea CEO to retire

Truly selling a product is about putting your money where your mouth is.

Indian agricultural company Jain Irrigation Systems has appointed Elara Capital (Asia) Singapore as financial adviser for its dollar bond restructuring.

Yangzhou Urban Construction State-Owned Assets Holding (Group) Co continued the tight pricing trend for recent bonds from Chinese local government financing vehicles with a 68bp tightening.

Chinese biotechnology start-up HBM Holdings has filed for approval to float on Hong Kong’s stock exchange.

ICBC Financial Leasing Co chose price over size for its first outing to the dollar bond market this year, but still managed to raise a larger-than-expected $900m.

Hong Kong property company Hysan Development Co used a fixed-for-life structure for its $300m perpetual bond on Tuesday, taking advantage of the low interest rate environment to lock in pricing.

Nasdaq-listed Futu Holdings, parent of Chinese online brokerage Futu Securities, has raised $313.5m from a follow-on offering, hitting the market on the back of a more than 200% surge in its share price this year.

Hong Kong-listed financial leasing firm Far East Horizon has exercised part of a greenshoe option on its loan to boost the deal to $1.29bn-equivalent.

Hong Kong’s mortgage loan provider Lei Shing Hong Credit has closed a $330m-equivalent deal with 11 lenders.

Environmental, social and governance investors are taking an interest in companies' supply chains at last. It is important they do this in a sophisticated way and think deeply about the potential repercussions. Getting supply chains wrong could have devastating consequences.

Signs are growing that Western companies may be on the verge of a wave of moving manufacturing from China to other emerging markets and ‘re-shoring’ them to the home country, a trend that could have profound implications for markets and international politics.