Asia Pacific

Barclays has hired Nicolas Reille to lead the expansion of its equities structuring business in Asia, it announced on Monday.

BMW Automotive Finance (China) is on track to launch its debut auto lease receivables-backed securitization. The company is expecting to close the Rmb2.5bn ($373m) Bavarian Sky China Leasing 2019-1 asset backed note later this week.

Chinese smart wearable technology company Huami is issuing new shares through a follow-on American Depositary Shares (ADS) offering of up to $150m.

In this round up, Chinese credit growth beat expectations in March, a deputy governor at the People’s Bank of China promised prudent monetary policy and the finance ministry announced a tax exemption for China Depositary Receipts (CDRs).

Yuyao Shuncai Investment Holding Co returned to the market for its second dollar bond sale on Friday, raising $100m from the quick trade to cap of a busy week of new issuance.

China’s Juneyao Airlines is tapping the offshore loan market for its debut borrowing of HK$1.8bn ($229m).

Bank of America announced a series of leadership changes in Japan and Australia last week.

Hong Kong’s jewellery retailer Chow Tai Fook has closed a HK$6bn-equivalent five year borrowing with 17 banks.

China Aoyuan Group has received a $162m-equivalent three year secured loan from four lenders.

Indian metals and mining company Vedanta Resources courted the market on Thursday for its first bond since delisting from the London Stock Exchange late last year. While the delisting raised some questions for investors, the deal ultimately pulled in $1bn for the issuer.

Peking University Founder Group Co has raised $300m from an ultra-tight bond.

Hong Kong oil trading business Winson Group is paying up for an up to $180m secured revolving credit facility.