Asia Pacific

In this round-up, consumer and producer prices rise, sovereigns line up for Pandas and MUFG gets primary dealer role.

In this round-up, China and the US agree to set up enforcement offices, the People's Bank of China reshuffles its monetary policy board and the finance ministry tightens rules on Panda accounts.

Citi’s Asia Pacific chief executive Francisco Aristeguieta is leaving to join State Street. The search is on for a longer-term replacement but his job will be filled in the interim by Citi’s productivity head.

The new World Bank president used his first public statement to pledge to increase efforts to ensure China was more transparent in its lending to Africa.

The Inter-American Development Bank (IADB) priced its inaugural Kangaroo EYE bond this week. This issue was the product of more than four years of promoting the bond programme to domestic Australian investors, said Laura Fan, principal funding officer at the IADB.

Nomura’s growth plan in its latest restructuring depends on sweeping away regional fiefdoms while finding greater consistency. History suggests this could be a tall order, writes David Rothnie.

James Forese is leaving his position as CEO of Citigroup’s institutional clients group. He will be replaced by Paco Ybarra, his deputy. The CEO of Asia Pacific is also leaving.

Asian investment grade issuers returned to the market in droves this week, giving some welcome supply to investors who have been overwhelmed by high yield names since the start of the year. But the surge is likely to be short-lived. Addison Gong reports.

The market for green loans has blossomed in the year since the publication of the Green Loan Principles (GLP). Bank of Communications this week was the latest borrower to add to this burgeoning market, as bankers predict rising supply, more syndicated deals and greater sophistication in the way the GLPs and other lending principles are used for financing. Pan Yue reports.

Singapore’s United Overseas Bank this week set a new benchmark after the country introduced an enhanced bank resolution regime allowing the statutory bail-in of subordinated debt. Addison Gong reports.

Private equity firm CVC Partners sold a large part of its stake in Indonesian clothing retailer Map Aktif Adiperkasa (Map Active) on Wednesday, taking part in a $296m secondary sale targeted to international investors.

Bank of China sold another blockbuster Belt and Road transaction on Wednesday, raising $3.8bn across eight tranches of notes in five currencies across five bank branches, It was the largest transaction sold under the BRI label.