Asia Pacific

Singapore has imposed a month-long lockdown after a spike in coronavirus cases. Bankers say they were ready for the move — but deal flow will suffer. Rashmi Kumar reports.

Two Indonesian state-owned firms are planning $1bn loans, returning to the market despite a sharp rise in volatility as funding markets react to Covid-19. Bankers told GlobalCapital Asia that borrowers may need to scale back their ambitions. Pan Yue reports.

The government’s response to the coronavirus has forced me to spend more time at home. Unfortunately, my wife is doing the same thing.

The Republic of Indonesia raised $4.3bn from a triple-tranche bond this week, making quick progress in its effort to fund a fiscal stimulus package that it hopes will soften the damage of the Covid-19 pandemic. Morgan Davis reports.

Dr Peng Telecom & Media Group Co, a Chinese company with an international bond that falls due in two months, has told domestic investors it might not be able to redeem a Rmb1bn ($141.7m) onshore bond, after investors decided to put the deal.

Bank of Montreal (BMO) on Tuesday became the third Canadian covered bond issuer to take advantage of an improvement in Aussie dollar issuance conditions following a relaxation in the Reserve Bank of Australia’s repo requirements.

Nomura has hired a new head of investment banking for Southeast Asia.

Korea Development Bank raised $500m in a floating rate bond on Tuesday, opening the international debt market for other South Korean issuers.

DBS’s former head of North Asia loan distribution and origination is set to join China Citic Bank International, according to multiple sources aware of the move.

The way Asian states including China have dealt with the coronavirus has put Europe and the US in the shade — now they should lead the international financial fightback.

Zhejiang Geely Holding Group, a Chinese auto company, is in talks with banks for a new loan to support a planned restructuring.

The Asian Infrastructure Investment Bank (AIIB) has approved a Rmb2.485bn ($355m) emergency loan to China. It will be used to upgrade public health infrastructure in Beijing and Chongqing and provide emergency equipment and supplies to the two cities.