Asia Pacific

China’s Jinshang Bank kicked off its HK$3.42bn ($438m) Hong Kong IPO on strong footing on Friday, with the book well covered ahead of launch.

Citi has named Hsiu-Yi Lin as the new head of commercial bank for Asean.

ESR Cayman has turned to the debt market for a $175m bond tap, just two weeks after delaying its initial public offering in Hong Kong.

Three new companies have set their sights on listing in Hong Kong, filing draft IPO documents with the exchange.

CK Hutchison Holdings is paring down its stake in Hutchison China MediTech (Chi-Med) through a placement after the biopharmaceutical company put its planned Hong Kong IPO on the back burner.

Mexico showed that it still has full access to its regular funding markets this week as Japanese investors gave the sovereign its largest ever order book in the Samurai market, on the way to its largest deal in the currency.

BNP Paribas Cardif raised Rp16.88bn ($243.81m) after hiving off a 2.5% stake in SBI Life Insurance.

Standard Chartered sailed into uncharted waters on Tuesday to make its Kangaroo debut. The bank issued A$1bn ($700m) across fixed and floating rate tranches, following Barclays' A$800m return to the currency last week.

Chinese online lender Qudian benefitted from active engagement with equity-linked investors to explain its business and growth potential to raise $300m from a popular convertible bond.

Gansu Provincial Highway Aviation Tourism Investment Group Co priced a $300m bond that was over eight times covered at its peak, in yet another busy week for issuance from Chinese local government financing vehicles (LGFVs).

Phil Lipton, a veteran banker who is a well-known figure in Asia’s syndicated loans market, has left HSBC, bringing an end to a 15-year career at the firm. Pan Yue and Rashmi Kumar report.

TBC Bank, Georgia’s largest, sold its first ever additional tier one (AT1) bond on Wednesday, completing a successful transaction in spite of political demonstrations taking place in the capital, Tblisi, this week.