Asia Pacific

Ayala Land Real Estate Investment Trust (AReit) has got the preliminary greenlight from the Philippines’ securities regulator for the country’s first Reit IPO.

Bank Rakyat Indonesia has opened a $1bn loan into general syndication with a group of 10 lenders at the helm.

A veteran Citi banker who had been with the US firm for nearly two decades has joined CMB International Singapore.

Following investor calls last Friday, two public sector borrowers hit the market for new dollar bonds on Monday, with IDB Invest going for a three year maturity and the Japan International Cooperation Agency making a rare appearance for a 10 year trade.

Australia and New Zealand launched their first syndications of their 2020-21 fiscal years on Monday.

Kazakhstani crude oil company Tengizchevroil held an investor call on Monday ahead of its first entry into debt capital markets since 2016. The bond will add to the company's existing balance sheet, which has billions of dollars of outstanding loans and bonds up for redemption in coming years.

China’s securities regulator has banned GF Securities from sponsoring IPOs for six months and underwriting bonds for a year, punishing the firm for its role on a series of fundraisings for Kangmei Pharmaceutical Co.

A slew of Indian banks are turning to additional tier one and tier two instruments to raise their capital levels. But an expensive international debt market means the majority of the issuance is likely to take place onshore in rupees.

Chinese car manufacturer Great Wall Motors has paid up for its return to the loan market for a $440m-equivalent dual-currency deal.

Punjab National Bank has proposed raising up to Rp70bn ($931.1m) from an issue of primary equity capital.

Asia’s dollar bond market shows no sign of slowing down, after a flurry of deals were announced on Monday.

Gland Pharma, a subsidiary of Shanghai Fosun Pharmaceutical Group, has filed preliminary IPO documents with India’s securities regulator for a listing.