Asia Pacific

Shanghai Shangshi (Group), part of Chinese state-owned Shanghai Industrial Investment Holdings, is tapping the offshore loan market for $190m.

Indian real estate developer Godrej Properties has added Rp21bn ($302m) to its coffers after pricing a share placement at the top of the range.

CMB Financial Leasing raised $1bn from two dollar bonds on a day that a number of Chinese local government financing vehicles (LGFVs) and property developers also cashed in on the conducive market backdrop for new issuance.

Standard Chartered raised S$750m ($554m) from a Basel III-compliant additional tier one deal on Tuesday, boosting its capital ratio after a consolidation of its operations in Singapore this year. The bank’s strong Asia links helped it achieve better funding arbitrage compared to some of its European peers.

New York-listed Qudian is seeking $250m from a convertible bond, with the company entering into capped call transactions with investment banks — an increasingly popular tool being used by issuers recently.

CNP Assurances is planning to offer investors a rare green bond from the insurance sector, and the intended use of proceeds looks more worthy than some previous efforts — for example, from QBE Insurance Group. However, issuing a sustainability bond is of less relevance for insurers’ environmental, social and governance (ESG) priorities than it is for other types of issuer.

Credit Suisse's head of loan syndicate for north Asia has left the bank.

Hong Kong-listed Luye Pharma Group sealed a convertible bond on Monday night, raising $300m from the increased deal.

China General Nuclear Power Corp (CGNPC) raked in $600m on Monday from its third green bond sale, benefitting from investors’ eagerness for investment grade paper.

BNP Paribas Cardif began a two-day sale of 25m shares in India’s SBI Life Insurance on Tuesday morning, eyeing proceeds of around Rp16.25bn ($234m).

The Democratic Socialist Republic of Sri Lanka made a quick return to the dollar market on Monday, raising $2bn just a few months after sealing a larger $2.4bn offering.

Ujjivan Small Finance Bank has hired three banks for its IPO, which is expected to raise around Rp10bn ($144.2m), according to a banker on the deal.