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Asia Pacific

  • China General Nuclear Power Corporation sold its second green bond in the euro market on Tuesday, nine months after its first success in the format. Last time the company sold green alongside five and 10 year conventional dollar bonds and this time it used a similar combination, replacing the 10 year dollar option with 30 year notes.
  • Two global initiatives aiming to improve transparency in markets have announced a partnership to link codes that identify market participants and the financial instruments they trade.
  • Azerbaijan’s Rabitabank and Unibank are teaming up to provide syndicated loans, potentially opening the domestic market up to far larger loans than have been available until now.
  • Cinnober Financial Technology has appointed three individuals to key roles across its business, including Fredrik Nihlén as group CFO.
  • The Independent State of Papua New Guinea (PNG) has taken a step towards debuting in the international bonds market, mandating banks for a long-awaited dollar issuance.
  • The best funding plan is one that suits an individual issuer, and if that means a club deal without a legitimate public bookbuilding process, so be it. But even so, there are some lines that shouldn’t be crossed.
  • Fosun Tourism Group, a subsidiary of Chinese conglomerate Fosun International, is planning to spin-off and list on the Hong Kong Stock Exchange.
  • GlobalRMB is pleased to announce the winners of its inaugural awards, honouring those banks, companies and individuals that have made the biggest contribution to bridging the gap between China and the rest of the world.
  • First Abu Dhabi Bank (FAB) returned to the offshore renminbi bond market on Monday with its third issuance in the currency this year.
  • In the latest Clawback, columnist Philippe Espinasse turns his focus to hiring practices in the region's equity capital markets.
  • CPE Greenery has bagged HK$788.1m ($100.4m) after trimming its stake in Chinese drug maker Luye Pharma, according to a source close to the deal.
  • Leo Paper Group, a Hong Kong-based printing services company, has signed a HK$350m ($45m) four year green term loan and revolving credit facility with seven banks, making it the first privately-held firm to complete such a transaction.