Asia Pacific
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Smoore International Holdings, the world’s largest vaping device manufacturer by revenue, has opened books for a HK$7.12bn ($919m) IPO. -
Indonesian property bonds have taken a hit in the secondary market, following growing concerns that Modernland Realty will default on a bond due in July.
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In this round-up, China proposes harsher punishments for financial crimes under the criminal law, the securities regulator is reportedly mulling over giving securities licences to commercial lenders, and monthly industrial profits grow for the first time this year.
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Citi has created a cross-border and public sector solutions (XPS) team, which will be headed by Valentina Antill globally, with Abhishek Kapur taking charge of Asia Pacific.
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Bank of China sold its first ever bond out of its Djibouti branch on Monday, as Chinese issuers pour into capital markets to make up for time lost to the coronavirus pandemic.
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A host of Chinese issuers filed IPO applications with Hong Kong’s stock exchange this week as they rushed to get their documents in before the end of the quarter.
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Chinese education company New Oriental Education & Technology Group has sold its maiden dollar bond shortly after receiving its first credit rating.
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Property management company Zhenro Services Group is set to list in Hong Kong after getting the nod from the city’s stock exchange listing committee.
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Swiss Re debuted in Asia this week with a S$350m ($251.67m) bond that established the European reinsurer in the Singapore market. It also paved the way for more issuance from the firm.
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Cambodian casino company NagaCorp sold a new dollar bond – and only the second from the country – this week, raising $350m.
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China Aoyuan Group used up the last of its debt issuance quota this week to raise $460m from the bond market.
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In this round-up, the Ministry of Finance plans to double the size of its already issued special treasury bonds, the government removes some restrictions for foreign investment in the 2020 negative lists, and the former richest man in China and founder of Gome is released from jail after 10 years.
