Asia Pacific

Industrial and Commercial Bank of China (Asia) has hired two former Hang Seng loans banker to join its global capital finance department in Hong Kong.

Zhongce Rubber Group has returned to the international loan market for a $250m refinancing.

India’s Lalitpur Power Generation Company has postponed its attempted debut dollar bond after opening bookbuilding on Thursday, according to a source close to the situation.

As head of BlackRock, the largest asset manager, Larry Fink’s pivot to responsible investing in recent years has been influential.

AIIB made its dim sum debut this week into a booming market. A slew of deals has been sold in recent weeks, with more paper printed in last the last 10 days than in the whole of any other year, except for 2019.

The International Swaps and Derivatives Association's CEO has called for more clarity on close-out netting in China.

ING names Apac wholesale banking head — CréditAg adds to debt team — MUFG taps China corporate banking head — Hang Seng seeks feedback on WVR index inclusion — Star board pipeline builds

The majority of the banks in China, as well as foreign banks, can now trade bonds listed on the Shanghai and Shenzhen stock exchanges, according to new guidelines published on Wednesday. But the appeal of this option remains questionable.

Investors chased after a rare $300m Basel III-compliant tier two bond from Indonesia’s Bank Tabungan Negara (BTN) in both primary and secondary markets this week, sending the 12.3 times covered deal tighter in the aftermarket.

Taiwanese LCD panel maker Innolux Corp raised $300m from a zero coupon convertible bond this week, riding a new wave of demand for the asset class in 2020.

Anta Sports Products made a stellar euro equity-linked debut this week, sealing a €1bn zero-coupon convertible bond at a negative yield. The deal had its share of challenges, but showed what is possible in a market that has seen a change in sentiment recently. Jonathan Breen reports.

Future Retail’s inaugural dollar bond raised the curtain for India’s retail shopping sector, as the company leveraged on its new partnership with e-commerce giant Amazon to raise $500m. But while the industry appeals to investors, issuance pipeline from the country remains thin, writes Morgan Davis.