Asia Pacific
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Dollar bonds sold by Chinese high yield property companies recovered from their trading lows at the end of January to become some of the highest performing notes in Asia last week. While that has created some positive momentum for the deals set to come to the market soon, analysts remain cautious. -
The Inter-American Development Bank has sold its first Indonesian rupiah sustainable development bond, making it the seventh currency in which it has raised this kind of funding.
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Bank of Singapore, the private banking arm of OCBC Bank, has created a new job of head of wealth planning for Greater China and North Asia, giving the position to an ex-HSBC banker.
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Ayala Land, one of the Philippines’ largest property owners, has filed an IPO application for a real estate investment trust (Reit), the country’s first public offer of the asset class.
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In this round-up, the presidents of China and the US held a phone call amid the outbreak of the novel coronavirus, the Mainland central bank is on track to issue its first renminbi bills of the year in Hong Kong next week, and regulators are giving issuers more time to prepare for their bonds.
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Blank cheque firm Citic Capital Acquisition Corp has kicked off bookbuilding for a $200m IPO. The special purpose acquisition company (Spac) is targeting green investments.
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PetroVietnam Gas (PV Gas) is in talks with banks about its syndication plan for a nine year loan.
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Indian Railway Finance Corp courted investors for a 10 year bond on Thursday, only to add a 30 year tranche to the transaction later in the day following reverse enquiry.
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Chinese ship financing company CSSC (Hong Kong) Shipping Co took advantage of the risk-on sentiment in the market on Thursday to take home an $800m dual-tranche bond.
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Thailand’s Central Retail Corp has priced the country’s largest IPO near the top of the marketed range, netting Bt71bn ($2.3bn) by navigating a volatile stock market.
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EMEA equity capital markets roared back into life this week, as fears over a potential coronavirus pandemic abated to allow the blocks market to reopen in size. A huge slug of supply on Monday evening that traded up left investors hungry for more, report Sam Kerr and Aidan Gregory.
