Asia Pacific

Hong Kong-based Li & Fung and Thai state-owned PTT have kicked off their liability management programmes, and plan to support their tender offers with new bonds.

ANZ is expanding its sustainable financing efforts with the appointment of a new business head.

In this round-up, the US exempted 400 Chinese goods from import tariffs while China cancelled trips to US farms, two top Chinese regulators jointly addressed funding difficulties facing smaller corporations and custom authorities detained a FedEx pilot on suspicion of carrying ammunition.

SMBC has made two additions to its London desk for syndication origination in structured finance.

Mattress maker Zinus is planning to launch its up to W271.9bn ($228.8m) IPO in South Korea in October, according to a source close to the deal.

A former director of research at CLSA has joined UBS Investment Research as a managing director, according to a note from the Swiss bank.

Axis Bank is looking to raise Rp100bn ($1.4bn) from a primary share sale to boost its capital adequacy ratio, according to sources close to the deal.

The Export-Import Bank of Korea (Kexim) turned to the Taiwanese market to raise Australian dollars, after finding a receptive audience for the currency.

In this round-up, deputy-level trade negotiators from China and the US have met, the People’s Bank of China left the medium-term lending facility rate unchanged and the Shanghai government issued more measures to attract foreign investment.

A range of Chinese issuers, including two property developers and a local government financing vehicle, have raised funds from the dollar bond market.

A pair of shareholders in Chinese clothing manufacturer Shenzhou International has pocketed HK$3.23bn ($412.7m) from selling a chunk of the company’s stock.

In this round-up, the gap between Japan's and China’s holdings of US Treasuries widened, Moody’s downgraded Hong Kong's outlook and Bank of China Manila branch gained renminbi clearing bank status.