Asia Pacific

Hong Kong-listed United Laboratories International Holdings has increased its borrowing to HK$1.8bn ($230m) after attracting six participants during syndication.

Bajaj Finance, an Indian non-bank financial company, raised Rp84.6bn ($1.2bn) this week, closing a qualified institutional placement that defied the challenges facing the sector.

SAIC-GMAC and Beijing Hyundai Auto Finance are both planning their returns to the auto loan ABS market next week.

The People’s Republic of China made a huge splash in the euro market on Wednesday as investors pounced on the rare opportunity to buy bonds in the single currency from the sovereign.

Radius Housing has become the first housing association from Northern Ireland to raise US private placements, selling £105m to fund social housing developments.

Bank of America’s senior green bond banker has left the firm.

Chinese borrowers that have previously ignored the euro bond market should reconsider. Recent deals show there are plenty of reasons for issuers to tap the European investor base.

The People’s Bank of China injected Rmb400bn ($57bn) of medium-term lending facility into the interbank market on Tuesday morning to roll over Rmb403.5bn of maturing MLF. It also lowered the one-year MLF rate by 5bp to 3.25%.

Bajaj Finance, an Indian non-banking financial company, has launched its debut offshore borrowing of $575m-equivalent into general syndication.

Philippine conglomerate San Miguel Corp has launched its $1.75bn loan into general syndication, after one bank joined as a mandated lead arranger and bookrunner during the senior phase.

State-owned China Petrochemical Corp (Sinopec) raised $2bn from three dollar bonds on Monday, making a rapid comeback to the debt market.

South Korean steel company Posco checked every box for investors with its $500m bond issuance on Monday. Even though the deal offered no new issue premium and pricing was tightened aggressively, buy-side support did not waver, said bankers.