Asia Pacific

Banks are leading a revival in ECM business in India, with Yes Bank gunning for $2bn this week. There are also signs of activity in the country’s moribund IPO market, writes Jonathan Breen.

Jiumaojiu International Holdings bagged HK$839.3m ($108.3m) from a top-up share placement on Wednesday, with a group of employees also pulling off a concurrent block trade.

Samson Paper Co has breached two covenants on a HK$780m ($100m) loan from 2017, with lenders still waiting for more information from the company.

BMW Finance braved huge volatility in China’s bond market to sell a Rmb2.5bn ($357m) Panda bond this week, achieving a record coupon despite ballooning yields on domestic bonds. Rebecca Feng reports.

This year has been a strange one on many fronts, but one of the oddest things we’ve been forced to confront is the virtual meeting.

Greenland Holding Group Co met its $650m size target for a bond on Wednesday, pairing the dual-tranche outing with a tender offer for its maturing notes.

Goodman Hong Kong Logistics Fund1 (GHKLF), a warehouse property owner, found overwhelming investor support for its first dollar bond in six years.

Credit Suisse has made three senior appointments to its China securities joint venture.

Investors jumped on Semiconductor Manufacturing International Corp’s shares on its debut on the Star market, pushing up its stock by 220% in the first half a day of trading.

HSBC’s global head of ECM is under no illusions about the challenges the bank faces but says HSBC’s restructuring is not one of them. David Rothnie reports.

Tengizchevroil (TCO), the Kazakhstan crude oil company jointly owned by four international commodity companies including Chevron and ExxonMobil, launched a bond on Tuesday in search of five and 10 year funding from investors.

CPF Investments, a unit of Thai firm Charoen Pokphand Foods, has returned to the loan market for a refinancing of up to $1bn.