Asia Pacific

Subsidiaries of China Steel Corp and Ta Ya Electric Wire & Cable have closed their respective dollar loans.

Veolia Environnement, a French water, waste and energy management company, raised Rmb1.5bn ($212m) from a three year private placement Panda bond on Monday, pricing the deal inside of expectations.

Hong Kong’s financial regulator has fined Guotai Junan Securities HK$25.2m ($3.3m) for breaching anti-money laundering rules and for other regulatory failures.

Kommunalbanken snagged NZ$500m ($324.5m) on Friday with the second largest Kauri bond of the year. Interest in the New Zealand dollar is high, with NZ$1.1bn worth of SSA Kauri deals printed so far this month — and more are set to follow.

Korea Housing Finance Corp (KHFC) has hired lead managers for a new social covered bond in the euro market. It is its second such deal in the currency this year, and it could face tougher conditions this time.

An investor in United Laboratories International Holdings is selling a chunk of the firm’s shares for up to HK$790.6m ($102m), according to term sheet seen by GlobalCapital Asia.

Chinese company Genertec Universal Medical Group has launched a $600m dual-currency loan into syndication.

Oil company Hilong Holding has defaulted on a dollar bond that matured on Monday, after failing to drum up enough support for an exchange offer that was extended multiple times.

Agora is looking to raise up to $315m from its Nasdaq IPO, having begun bookbuilding for the deal.

The Shanghai Stock Exchange will revamp its benchmark SSE Composite Index. It will also launch an index focused on companies listed on its tech-heavy Star market.

ANZ has appointed former loan syndications banker Nancy Wang to the newly created position of director of sustainable finance, international.

Taiwan-based notebook computer maker Inventec has changed the structure for its loan return to prepare for the expected discontinuation of Libor at the end of next year.