Asia Pacific

Taipei-listed Eternal Materials Co has mandated Taipei Fubon Bank for a loan to support its business in Malaysia.

A handful of Indian financial institutions have become the latest fallen angels, as pressure on the country’s economy and firms’ asset quality rises.

Two Asia-focused special purpose acquisition companies (Spacs) are looking to list on the US stock market.

Taiping Financial Holdings Co has become the latest Chinese firm to pay back its outstanding loan early.

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.

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.

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.

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.

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.

Chinese education company New Oriental Education & Technology Group has sold its maiden dollar bond shortly after receiving its first credit rating.

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.