Asia Pacific

Chinese developer Guorui Properties is on track to redeem a puttable dollar bond later this month after pricing a new $295m transaction, bringing an end to debt refinancing woes that have lasting for months.

Up Fintech, parent of online trading platform Tiger Brokers, has launched bookbuilding for a smaller-than-expected $91m IPO.

China’s industrial gas supplier Yingde Gases Group has launched a $300m borrowing into general syndication.

Fosun International has returned to the offshore loan market with a $300m dual-currency borrowing.

A week after BMW debuted in the Panda market with a Rmb3bn ($447m) three year private placement, its onshore financing arm, BMW Automotive Finance, returned to more familiar territory with a Rmb5.5bn auto loan ABS.

Shanghai Dongzheng Automotive Finance Co has kicked off the roadshow for its up to HK$3.36bn ($428m) Hong Kong IPO.

David Morton, the former head of corporates, financials and multinational banking (CFMB) at HSBC, has announced his retirement.

China’s Frontage Holdings Corp, which provides support to pharmaceutical companies, has refiled a draft IPO prospectus with Hong Kong’s stock exchange.

GLP has closed a Rmb3.3bn ($490m) nine year Panda bond, after scrapping an earlier plan to sell a dual-tranche deal.

A unit of insurer Standard Life is looking to bag at least Rp25bn ($359.8m) by trimming its stake in HDFC Life Insurance Co.

Private equity firm Platinum Equity is about to close the senior syndication for a $165m borrowing to support its acquisition of Singapore’s PCI.

Embassy Office Parks Real Estate Investment Trust (Reit) has global long-only investors on tenterhooks as it prepares to launch its smaller-than-expected Rp47.5bn ($683m) IPO, having filed the final terms for India’s first Reit listing.