Asia Pacific

Crédit Agricole has created two new desks in Asia focused on acquisition and leveraged finance and coverage of funds, according to a statement on Tuesday.

Meituan Dianping, one of China’s hottest technology unicorns, has launched bookbuilding for its up to HK$34.6bn ($4.4bn) Hong Kong IPO.

Sumitomo Mitsui Trust Bank announced a mandate on Monday for its first ever euro-denominated bond. The senior notes will finance green projects. Meanwhile, new issuer Euroclear Bank completed a deal last Friday.

Two major derivatives industry trade bodies have warned of “fragmentation” and a “severe” impact on cross-border derivatives activity if a looming clearing deadline for certain intragroup transactions is not sufficiently extended.

Chinese biotechnology firm Zai Lab is tapping equity investors for around $150m, hitting the market with a follow-on sale of American Depository Shares (ADS).

The Hong Kong Green Finance Association (HKGFA) is poised to launch later this month, triggering a new set of efforts in the city to encourage private sector participation in green financing.

Dollar bond issuance from China’s local government financing vehicles (LGFVs) has picked up in recent weeks, but a roadblock to a planned onshore deal from Qinghai Provincial Investment Group has once again turned the spotlight on government support for these fundraisings.

Larsen & Toubro is looking to raise at least Rp18bn ($254.2m) from the sale of stock in its subsidiary Larsen & Toubro Infotech.

Sinopharm Holding China Finance Leasing, a unit of state-owned China National Pharmaceutical Group, is tapping offshore banks for a $200m term loan.

LAIX, which runs English teaching app Liulishuo, is planning to float on the New York Stock Exchange for up to $100m.

Mainland-based men’s fashion company GXG is eyeing a listing in Hong Kong, tapping three banks to sponsor the IPO.

Vicky He has joined Credit Suisse in the newly-created position of head of syndicate for north Asian loans, after spending a year at Standard Chartered.