Asia Pacific

Singapore-based aircraft leasing company Avation has obtained a green loan to support its purchase of aircraft.

Guangzhou R&F Properties, a Hong Kong-listed Chinese real estate developer, raised HK$3.7bn ($475m) from a placement on Thursday evening in one of the last ECM deals of the year in the region.

More dollar bonds from Vietnam will come to the market in 2020, despite ratings agency Moody’s changing the government’s outlook to negative this week.

Cigarette packaging printer Amvig Holdings has closed its HK$1.15bn ($147m) refinancing loan.

Powerlong Commercial Management Holdings has priced its IPO near the top of the range, despite coming to the market at the end of the year and amid a fair bit of supply from Chinese property management companies.

In the final part of GlobalCapital China’s awards announcement, we discuss the key innovation of 2019, and reveal the individual that has made the greatest contribution to reforming and internationalising the Chinese onshore market.

Citi has named Adrian Khoo and Benjamin Ng as co-heads of debt capital markets for Asia, a move that will see more integration of the bonds and loans teams.

JP Morgan Securities (China) has received the securities and futures business permit from the China Securities Regulatory Commission, which will allow it to begin operations in the Mainland.

India’s Power Finance Corp has wrapped up its $300m-equivalent dual-currency loan with nine banks on board.

Bond investors are set to start the new year with some trepidation, due to uncertainty around the US-China trade relationship and rising defaults in the Mainland. While there will be opportunities, not all issuers will have easy access to liquidity as buyers turn selective.

Indian chemical manufacturer Rossari Biotech has filed draft documents for an IPO, which it is planning to launch in the first quarter next year, according to a source close to the deal.

Indonesian company Astra Sedaya Finance has closed a loan of around $200m that mainly targeted liquidity among Japanese banks.