Asia Pacific

Danakali, an Australian potash company, has raised a $200m credit facility from African lenders. Proceeds of the syndicated facility will go towards funding the planned Colluli potash project in Eritrea.

In this round-up, Chinese president Xi Jinping headed to Macau for the 20th anniversary of the handover, the National People’s Congress will hold a fourth reading of the Securities Law next week and the People’s Bank of China (PBoC) has lowered the 14-day reverse repo rate.

In this round-up, state buyers are set to bail out Shandong-based Hengfeng Bank, the renminbi’s international usage rebounded in November after a slight drop in October, and Sumitomo Mitsui Financial Group’s securities brokerage affiliate plans to set up a wholly-owned China unit.

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.