Asia Pacific

Asian debt bankers were forced to react to a tumultuous week of protests in Hong Kong, cutting short the bookbuilding window for new deals. But although bankers had to change tactics, the market largely endured the turmoil. Addison Gong reports.

China's Huali University Group launched bookbuilding on Wednesday for its Hong Kong IPO, targeting proceeds of up to HK$978m ($124.9m).

Gome Retail Holdings, a Chinese retailer of electronic appliances, has cancelled an exchange-plus-new-money transaction, after investor feedback on pricing pointed to a higher yield than it wanted to pay.

Volkswagen Finance (China) has returned to the Chinese auto loan ABS market after a two-year break. The company priced the senior tranche of its Rmb5.97bn ($851) deal at the lower end of guidance.

Crédit Agricole announced on Thursday a reorganisation of its global markets financing and funding solutions (FFS) division, which includes several senior job changes, including the promotions of Atul Sodhi and Jean-Luc Lamarque, reported by GlobalCapital on Wednesday.

Investors looked beyond Nanyang Commercial Bank's Hong Kong home to its Chinese parent this week, allowing the borrower to close a $700m Basel III-compliant tier two subordinated deal, despite the protests happening in the city.

India’s Tata Motors was dealt a blow by the market on Wednesday, as it was forced to contend with protests in Hong Kong as it tried to sell a dollar bond.

China Merchants Commercial Real Estate Investment Trust has kicked off a pre-deal investor roadshow for its Hong Kong SAR listing. It is set to break a six-year drought of Reit IPOs on the bourse.

Crédit Agricole has promoted its head of debt syndicate to a larger global role.

Crédit Agricole has chosen a new global head of debt capital markets.

Temasek, the Singapore government investment arm, launched 12 and 30 year euro bonds on Wednesday, a day after announcing its mandate.

Gaëlle Olivier is set to take over as the chief executive officer for Société Générale Asia Pacific in January next year, succeeding Hikaru Ogata who is leaving the bank.