Asia Pacific

Genius Auto Finance has taken home Rmb4bn ($565m) from its third auto loan ABS of the year, scrapping the mezzanine tranche and boosting the size of the subordinated portion. The issuer achieved slightly tighter yields on both senior tranches compared to its previous trade.

Parkson Retail Group, a department store operator, has returned to the loan market after eight years, sealing a HK$3.9bn ($497m) borrowing.

UBS is reorganising its investment bank, trying to save $90m a year, it revealed on Tuesday, alongside a dismal set of third quarter results for underwriting and advisory.

Australian medical centre operator Sonic Healthcare has raised $550m of US private placements (PPs) across three tranches, as Australian borrowers solidify their position as a key source of growth for the market.

Vietnamese dairy producer NutiFood Nutrition Food Joint Stock Company has postponed a planned three year dollar bond, but said it has not given up hope of returning to the debt market later.

China Resources Land has raised HK$6.73bn ($858m) after issuing a chunk of shares in a top-up placement.

Muthoot Finance raised $450m from its maiden dollar bond on Monday, after showing investors the difference between its operations and that of other beleaguered Indian non-banking financial companies (NBFCs).

Chinese regulators are planning to rate the bond underwriting ability of securities firms. That may appear a sensible solution to an exchange bond market that has become cutthroat and chaotic. But the proposed solution is too vague to have much impact.

China Jushi, which makes fibreglass, is seeking a $150m debut borrowing through sole mandated lead arranger and bookrunner Standard Chartered.

South Korean mattress maker Zinus has raised W211.4bn ($180.6m) from its IPO after pricing the deal below the marketed range, according to a source familiar with the matter.

Mapletree Logistics Trust is issuing a block of new shares to raise around S$250m ($183.6m) from investors.

China Huarong Financial Leasing Co and two local government financing vehicles (LGFVs) based in the coastal province of Jiangsu came to the offshore bond market to raise $300m each.