Asia Pacific

Indonesia’s Alam Sutera Realty nabbed $175m from investors on Tuesday, as it attempted to beat the clock on its impending maturities.

China’s Bank of Communications Financial Leasing Co managed to raise the upper end of its $1.5bn target size at a tighter-than-expected level on Tuesday, a feat achieved despite a busy bond market in Asia.

South Korea’s Hanwha Total Petrochemical Co brought its maiden dollar bond to the market on Tuesday, appealing to investors with its strong credentials and scarcity value.

Japan’s Mitsubishi Corp has bagged Ps11.7bn ($244.35m) from a much sought-after sell-down of shares in Philippine conglomerate Ayala Corp, according to a source close to the deal.

Hong Kong-listed Sun Hung Kai Properties is talking to banks for its annual return to the loan market. The company has raised its funding cost for the first time in five years.

Hyosung Vina Chemicals is holding bank presentations and a site visit at the end of January to woo lenders with a $750m syndicated financing that has been relaunched with a smaller size, higher margins and a different bookrunning team.

MUFG has appointed three veteran bankers to senior positions in its Malaysian subsidiary.

Japanese regulators are looking to implement risk retention requirements for investors that closely mirror European-style regulation, bringing them more in line with Europe but potentially distancing Japanese investors from US ABS markets.

Mitsubishi UFJ Financial Group has appointed Jason Mann as European head of financial institutions DCM, a role which will be based in a branch of the bank’s new subsidiary, established to prepare for Brexit.

BNP Paribas made a comeback to the Singapore dollar bond market to shore up its capital, bringing the year’s first Basel III-compliant tier two outing in the currency.

The US government shutdown hit 24 days on Monday, a record kerfuffle for the country. As primary equity markets teams, most importantly at the Securities and Exchange Commission, run on skeleton crews, the IPO pipeline could come under some threat.

Mainland firm Shanghai Gench Education Group is planning to list in Hong Kong and has submitted its draft prospectus to the stock exchange.