Asia Pacific

India's REC, formerly known as Rural Electrification Corp, raised $500m from a five year bond on Thursday.

Vietnamese car manufacturer Truong Hai Auto Corp has closed its debut offshore borrowing, increasing the size of the loan to $210m.

Times Neighborhood Holdings is set to hit the market with its Hong Kong IPO next week, according to a source close to the deal.

In this round-up, conflicting trade war headlines confuse the market, Huawei sues the Federal Communication Commission amid public relations troubles at home and the People’s Bank of China (PBoC) signs a three year bilateral currency swap agreement with the Monetary Authority of Macao.

China Merchants Commercial Real Estate Investment Trust has raised HK$2.6bn ($327.6m) from its IPO, breaking a six-year drought of Reit listings in Hong Kong.

Chinese local government financing vehicle (LGFV) Kunming Rail Transit Group Co made its inaugural appearance in the dollar market on Thursday, raising $500m after a large price tightening.

For most people, holidays are a way to escape from the frenetic reality of day to day life. Some opt for sandy beaches, others a snowy mountain peak, but the aim is generally the same — relaxation.

Commerzbank hires Ho for bonds — HSBC Securities names co-CEOs for Korea

China Bohai Bank has begun working with four Chinese banks on a multi-billion-dollar IPO expected in Hong Kong next year, according to a source familiar with the matter.

Loans bankers are having a tough time at the moment, forced to reflect on a difficult year and struggling for new deals as bonus season looms. They are spending the last few weeks of December tweaking pitches — but most admit they have little confidence about a boom in 2020. Pan Yue reports.

Investors have dumped Peking University Founder Group Co’s $2.95bn of dollar bonds after a default by the company in onshore China rattled markets. But despite numerous default situations from the country making headlines this year, market participants are not hitting the panic button just yet, writes Addison Gong.

Crédit Agricole printed a Rmb1bn ($142m) three year renminbi bond in China on Wednesday. Despite being a senior preferred deal and including write-down and conversion to equity clauses, both new to onshore investors, the Panda still managed to achieve tight pricing and a well-covered book. Rebecca Feng reports.