Asia Pacific

The International Federation of Red Cross and Red Crescent Societies (IFRC) plans to issue a sukuk as part of its fundraising for a water, sanitation and hygiene programme.

Chinese local government financing vehicle Chongqing Nan’an Urban Construction and Development Group closed a $500m five year bond sale on Tuesday, but only after shifting some of the banks running the deal.

Delhi International Airport (Dial) offered investors a rare 10 year high yield bond on Tuesday, securing the company $350m from a more than six times subscribed order book.

KEB Hana Bank turned its attentions to Taiwan on Tuesday, raising $400m in a Formosa bond sale.

SMBC has mandated leads for a roadshow with plans to issue its first dollar covered bond and the second in euros.

Chainwin Animal Technology, a subsidiary of Taiwan’s Win Semiconductors, is looking to raise up to $200m in the offshore loan market.

Mulsanne Group Holding wrapped up its IPO last week in a way Hong Kong had never seen before: pricing its shares below the initial offer range. Its approach has shown future listing hopefuls how to wield a crucial tool in combating volatility fuelled by trade wars.

Agile Group Holdings raised $600m from its latest issue on Monday, only for its notes fall in the secondary market on Tuesday.

CSSC Shipping has commenced bookbuilding for its IPO on the Hong Kong Stock Exchange.

The People’s Bank of China (PBoC) and the State Administration of Foreign Exchange (Safe) have set new rules on cross-border capital management for Chinese Depository Receipt (CDR) issuers. Meanwhile, the Shanghai tech board’s listing committee will give its verdict on three candidates on June 5.

MUFG has filled another key position in the APAC region by naming Richard Yorke as head of global corporate and investment banking (GCIB) for Asia Pacific.

Far East Horizon has boosted its latest offshore borrowing to $1bn, attracting 10 participants during syndication.