Asia Pacific

After being off limits to foreign investors for many years, Uzbekistan has raced to catch up for lost time by seeking investments by European banks and international financial institutions

After decades of self-imposed isolation, Uzbekistan is embarking on a range of projects with the help of Chinese assistance — and finance — to slowly start to stitch a recently remote country back into the global economy

Since late 2016, Uzbekistan has embarked on large-scale institutional, economic and social reforms under President Mirziyoyev’s administration.

India’s Piramal Enterprises and the Canada Pension Plan Investment Board (CPPIB) are planning to co-sponsor an India-based infrastructure investment trust (InvIT).

The People’s Bank of China (PBoC) sold a three month Rmb10bn ($1.48bn) tranche and a one year Rmb10bn tranche in Hong Kong on May 15, Hong Kong Monetary Authority (HKMA) said on Wednesday. The central bank has again chosen an interesting time for the announcement and the tender.

Chinese car rental company CAR has wrapped up a liability management exercise, pushing its maturity curve out to 2022 despite fears in the credit market about the US-China trade war.

Woori Bank turned to Taiwan this week for its latest dollar transaction, raising $450m from the first sustainability-labelled Formosa deal.

China’s industrial and automotive parts manufacturer Zhongding Group has cut the price for its €200m loan refinancing.

Sinopharm Holding (China) Finance Leasing is tapping the offshore loan market for a $200m borrowing.

Chinese e-sport streaming platform DouYu is waiting for more stable market conditions before commencing pre-marketing for its $500m IPO of American Depository Shares (ADS).

Equity investors are too complacent about the prospects of the wheels coming off of trade talks between China and the US. Such optimism could wreck equity capital markets for the year if negotiations sour,

With South Korea and the Philippines heading to euros for new bond transactions, more issuers from Asia should take courage and consider funding in the needlessly neglected currency.