Asia Pacific

Hong Kong’s Konew International Group has debuted in the offshore loans market, raising $150m.

CMT MTN priced a 10 year bullet bond on Wednesday, raising $300m.

Chinese streaming platform iQiyi, which is backed by internet giant Baidu, tapped the equity-linked market this week with a record-breaking deal — the largest American Depository Shares (ADS) convertible bond — and could help boost issuance in the asset class. Jonathan Breen reports.

Indian bonds issuers are racing to the offshore market for cash to beat the country’s financial year-end and the uncertainty of a general election straight afterwards. Morgan Davis and Addison Gong report.

Four Chinese sub-investment grade yield issuers, mostly property developers, stormed the offshore bond market on Wednesday, allowing yield-starved investors to pile in with orders.

Real estate developer China Vanke Co has raised HK$7.81bn ($994.3m) from a placement of new shares, its second tap of the Hong Kong market.

Chinese streaming platform iQiyi bagged $1.05bn on Tuesday after tapping the equity-linked bond market for a second time, pricing the deal at the issuer-friendly end of guidance.

Chinese pharmaceuticals company WuXi Biologics has launched a debut offshore loan of $200m through sole lead Standard Chartered.

South African mining company Heaven-Sent Gold Group is planning a Hong Kong IPO, having filed a draft prospectus through sole sponsor CLSA on Tuesday.

JP Morgan has appointed Paul Uren to replace the outgoing co-head of global investment banking coverage for Asia Pacific, according to an internal memo seen by GlobalCapital Asia.

Kerala Infrastructure Investment Fund Board made its debut in the offshore rupee market on Tuesday, raising Rp21.5bn ($311.7m).

Energy generator NTPC became the latest of a recent slew of Indian issuers to fund in the dollar bond market, with more deals underway.