Asia Pacific

PetroVietnam Gas Joint Stock Corp has finally signed an offshore loan that closed syndication last year, after delays over registration with the country’s central bank.

Mapletree Industrial Trust raised S$410m ($295.4m) on Tuesday after strong demand enabled the Reit to boost the size of a placement.

A flurry of overnight block trades hit Hong Kong's equity market this week.

Singapore’s Keppel Infrastructure Trust and Cleantech Solar have raised S$700m ($502m) from a sustainability-linked loan and $75m from a green loan, respectively.

Shenzhen Hepalink Pharmaceutical Group launched its Hong Kong IPO this week, targeting proceeds of HK$4.53bn ($585m).

Taiwanese company Inventec has become a rare example of a company in Asia that has tweaked its loan structure to prepare for the discontinuation of Libor. Progress is still slow, but banks are slowly coming to grips with the big task ahead of them, as the market moves to a new lending benchmark. Pan Yue reports.

Sino-Ocean Capital, an alternative investment and asset management business, leaned on its parent company Sino-Ocean Group Holdings to sell its first public dollar bond on Tuesday. But not every investor took comfort from the parent’s backing.

Chinese property company Agile Group Holdings’ new $500m bond tumbled in the secondary market on Wednesday after the firm took an aggressive approach to pricing.

This week, my thoughts are with friends in Beijing, who are once again reliving one of their worst nightmares. No, not the second wave of Covid-19 infections, but having to take the test to see if they had the virus.

The former head of JP Morgan’s China unit has joined US-based index provider MSCI to lead its Greater China client coverage.

Chinese property developers Ronshine China Holdings and Sichuan Languang Development Co returned to the market on Tuesday to reopen their dollar bonds. Both the borrowers priced their taps tightly, but saw their notes widen in the secondary market.

Commerzbank has appointed Tony Zhang as the country chief executive for China and the general manager of its Shanghai branch.