Asia Pacific

ONGC Videsh (OVL), the overseas arm of India’s state-owned Oil and Natural Gas Corp, has sent out a request for proposals for an up to $750m loan, just a few months after raising $1bn.

Anne Stevenson-Yang is a director and co-founder of J Capital Research, a New York firm and short seller that specialises in Chinese companies, as well as international companies looking to grow their business in China. GlobalCapital spoke to Stevenson-Yang about the dangers of trusting financial reporting from China, and steps stock exchanges could take to stifle the likelihood of fraud.

US president Donald Trump’s sudden targeting of Tencent Holdings and its flagship app WeChat last week was vague in the extreme. But what is clear is the Trump administration’s increasing willingness to go after China’s tech darlings. That should not be ignored.

Indian agricultural company Jain Irrigation Systems, which has been navigating a liquidity crisis for more than a year, has put in place two restructuring plans for its onshore and offshore debt.

Barclays is building up sustainability coverage in its investment bank with new positions announced globally on Monday and effective immediately.

Taiwan’s Taiflex Scientific Co, an electronic parts and components maker, has closed a dual-currency borrowing of NT$2.5bn ($85m) with eight banks.

GlobalCapital and Standard Chartered hosted a virtual roundtable on the China high yield debt market at the end of July as the second part of a 2020 roundtable series. The first was conducted in mid-April. The market has seen drastic changes in the months since. We gathered together a group of leading high yield bond experts to find out how they have dealt with those changes.

ICICI Bank has closed its up to Rp150bn ($2bn) qualified institutional placement, according to a source close to the deal.

Taiwan’s Quanta Computer has returned to the loan market for a tightly priced $1bn deal, slicing both the margin and participation fees on offer.

Troubled Chinese bond issuer Yihua Enterprise (Group) Co will hold a meeting with investors on Wednesday, where it will promise to pay the overdue interest on a domestic medium-term note before the end of September.

China Education Group Holding has raised HK$2bn ($260m) after boosting the size of a top-up share placement.

US-listed OneConnect Financial Technology Co, a Chinese company whose stock price has doubled this year, is tapping equity investors for new funds.