Asia Pacific

Melco Resorts Finance tapped its 5.75% 2028 notes on Tuesday, adding another $350m to the trade.

Alibaba Health Information Technology has sealed Hong Kong’s largest primary follow-on in five years, navigating concerns over high valuations to increase the size of the deal to HK$10bn ($1.29bn).

India’s HDFC Bank has picked a successor to chief executive Aditya Puri, who will retire at the end of October.

Hong Kong real estate company Swire Properties has raised a HK$1bn ($129m) green loan to make some of its projects more eco-friendly.

Singapore oil trading company Winson Group is planning to extend by one year a loan signed in 2019.

HKR International, a conglomerate with operations in property development and healthcare, has turned to the loan market after five years for a HK$3.35bn ($432m) facility.

Alibaba Health Information Technology hit the market on Tuesday evening to raise up to HK$8.2bn ($1.06bn) in fresh equity from a follow-on, according to a term sheet seen by GlobalCapital Asia.

JP Morgan has reorganised its team dedicated to advising clients on how to defend against campaigns by activist investors.

CP Pokphand Co, the Hong Kong-listed investment arm of Thailand’s Charoen Pokphand Foods, has closed a $400m loan for refinancing with 15 lenders.

China’s hands-on approach into investigating Luckin Coffee signals that the regulators are serious about cracking down on financial crimes by corporations. But the full extent of their commitment will only be revealed by how they tackle similar problems in the future.

A HK$18bn ($2.3bn) term loan sealed by China Overseas Land and Investment in 2017 is doing the rounds in the secondary market, offering asset-starved banks an opportunity to take exposure to the Hong Kong-listed company.

South Korean game developer Kakao Games is set to list in September for up to W384bn ($323m), reviving the deal two years after dropping its initial IPO plans.