Asia Pacific

Ping An Real Estate seeks $300m — ICTSI tests appetite for €260m — Huifeng Petrochemical debuts with $200m

China Evergrande Group raised $3bn with a tap of three of its existing bonds, but the issuance put a dent in its secondary curve as noteholders fled to the juicier new deal.

BAML brings in Australia ECM chief – Credit Suisse names Indonesia IB head – Goldman appoints TMT co-lead – Eastspring hires new CEO – BOC lends to Sri Lanka – FTSE Russell tracks Chinese green bonds

South Korea’s KEB Hana Bank has locked up a dual-tranche sustainability bond at zero new issue premium, appealing to investors with its strong credit story and rarity value in the public dollar market.

Spare a thought for investment bankers working in Hong Kong and Singapore. Although they focus on deals from across the region, there is no escaping the importance of China.

Investors put their faith in Mongolia’s recovery story this week, helping Mongolian Mortgage Corp (MIK) raise $250m from a bond that showed appetite for frontier market risk. Addison Gong reports.

Profit Reach, an investment vehicle owned by Chinese billionaire Shen Guojun, is seeking a $550m refinancing loan with a rare put option provided to lenders. The deal has raised debate over whether the structure can catch on in Asia. Pan Yue reports.

Bank of China has received the green light to raise as much as Rmb40bn ($5.88bn) from a perpetual additional tier one bond in its domestic market, opening a new funding channel for Chinese banks. But although a flagship bank is leading the way, smaller institutions may find the perpetual format more compelling. Rebecca Feng reports.

Srei Infrastructure Finance has cancelled a plan to float a subsidiary, as a result of weak investor sentiment driving down valuations in India’s equity market. The company has instead chosen to pursue a private listing, Jonathan Breen reports.

India’s largest telecommunications service provider Vodafone Idea has received the green light from its board to raise Rp250bn ($3.51bn) from a rights issue.

Club-style Chinese deals were back this week as Peking University Founder Group Co raised $150m from a three year bond and Yankuang Group grabbed $215m.

Goldman Sachs has appointed Jung Min as co-head of its Asia Pacific ex-Japan technology, media and telecom group.