Asia Pacific

The brief default of a dollar bond by local government financing vehicle (LGFV) Qinghai Provincial Investment Group last week caused next to no impact in the China offshore bond market. That is a bad sign.

China Development Bank Financial Leasing Co (CDBL) has raised $700m from the bond market, leaning on anchor orders to squeeze a tight final price.

Taipei Fubon Bank has hired Monica Chang, ANZ’s former head of loan syndication in Taiwan, to lead its syndicated loan team.

Semiconductor Manufacturing International Corporation (SMIC), a red-chip issuer, sealed a three year Rmb1.5bn Panda bond at the end of last week.

The Securities and Exchange Board of India has made a series of changes to the regulations for trusts to help give the nascent market a boost.

KKR has hired former Goldman Sachs executive Kate Richdale as its head of strategy and business development in Asia Pacific, a new job.

New economy-focused logistics company ESR is looking for the greenlight to list in Hong Kong, having filed a draft IPO prospectus with the city’s stock exchange.

Chow Tai Fook has launched a HK$6bn ($764m) loan into general syndication after attracting seven banks at the senior level.

China real estate companies Zhenro Properties Group and China Evergrande Group started the new month with fresh dollar deals at the end of last week, marking Zhenro’s fourth trade of the year and Evergrande’s second.

Singapore-based internet company Sea is planning to issue a new chunk of its US-listed equity, according to a filing with the regulator.

French investment bank Natixis has promoted one of its own to helm private bank and family office coverage for the region.

China State Construction International Holdings returned to the dollar bond market, adopting an unusual structure that raised many questions even after the $500m credit-enhanced deal was priced.