Asia Pacific

Singapore’s Frasers Property has closed a S$785m ($581m) green loan, the second green borrowing in six months.

Bestway Global Holding this week became the latest Chinese debutante to find the offshore loan market tough going, falling short of its intended deal size. Debut names will face worse market access this year and will need to rely upon guarantees, onshore banking relationships and the reputation of their industry sector to have the best chance of securing international money, writes Pan Yue.

UP Fintech raised $104m from its Nasdaq IPO this week after pricing its float above the initial marketing range.

Private equity firm Warburg Pincus has raised D2.33tr ($100.9m) after increasing a block sale of Vincom Retail shares.

BMW Auto Finance on Tuesday brought its biggest Chinese auto loan ABS since its market debut five years ago. The Rmb 5.5bn ($820m) deal, said bankers, showed that the market will boom this year.

HSBC loses Apac ECM co-head after team rejig — Deutsche adds veteran to equities team

Blackstone-backed Embassy Office Parks Real Estate Investment Trust (Reit) has sealed the book for its Rp47.6bn ($694.3m) IPO well oversubscribed.

Deutsche Bank has scored a former Credit Suisse banker to jointly lead its execution services in the Asia Pacific region.

HSBC’s co-head of equity capital markets for Asia Pacific, Alexis Adamczyk, is set to leave the bank this week after it decided to coalesce the team under a single leader, according to a source familiar with the matter.

A trio of global loan trade bodies has launched the Sustainability-Linked Loan Principles, intended to codify the rapidly growing market of bank facilities with margins tied to how the borrower performs under sustainability metrics.

China’s Minsheng Financial Leasing Co has brought loan-backed bonds back to the Asian market, reviving a structure that is rare in the region.

India’s largest telecommunications service provider Vodafone Idea has set the price for its Rp250bn ($3.6bn) rights issue, enticing shareholders with a discount of more than 60% to its latest trading price.