Asia Pacific
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In this round-up, China and the US upped the ante on the rhetorical trade war, the Ministry of Finance transferred its shares in two state-owned banks to a national social security fund and the Hangzhou city government is sending 100 of its staff to private companies. -
In this round-up, Japanese firm Daiwa Securities gets the green light to set up a majority-owned brokerage in the Mainland, FTSE Russell does not include Chinese bonds in its indices and NetEase reveals plans to raise pigs.
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Singapore-listed Mapletree Commercial Trust is planning to raise S$874.8m ($632.9m) from the sale of new equity to part-fund a local acquisition.
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Samruk-Kazyna, Kazakhstan’s sovereign wealth fund, has offloaded a small part of its stake in Kazatomprom, the state-owned uranium mining company, via an accelerated bookbuild on Wednesday evening.
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Industrial and Commercial Bank of China (London) has closed its first green loan, a $370m dual currency facility, a year after issuing its debut green bond.
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Kazakhstan printed a €1.15bn dual tranche bond on Wednesday from a book of more than €3bn at its peak, at levels that lead managers said were 6bp inside the curve for the seven year and 4bp inside for the 15 year. Bankers away from the deal saw fair value differently but conceded that there could be different views on the calculation.
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Awards season is almost upon us, with preparations well under way for glitzy ceremonies at Asia’s finest hotels.
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CLSA hires StanChart debt market veteran – ANZ turns focus to sustainable finance – UBS recruits from CLSA for China research
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Nasdaq-listed Pinduoduo became the latest in a growing line of Chinese companies to tap the US convertible bond market, pocketing $875m after pricing its debut issuance at the tight end of guidance.
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Singapore’s credentials as Asia’s hub for real estate investment trusts were underlined this week, as an ideal market backdrop triggered a burst of Reit activity. With Lendlease Reit scooping up S$740.3m ($536.5m) from its hugely popular IPO, and more deals on the way, the Lion City offers big opportunities, writes Jonathan Breen.
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The People’s Bank of China sealed a Rmb10bn ($140m) offshore renminbi bills sale in Hong Kong on Thursday.
