Asia Pacific

Belle International reeled in some five banks in general syndication for its HK$30bn ($3.8bn) loan, with several more commitments left to be processed before the deal is closed.

Chinese technology unicorn Meituan Dianping is gauging appetite for its potential $4bn Hong Kong IPO, which has already received a large amount of interest from US investors. But there are challenges ahead, as the company faces down e-commerce giant Alibaba Group Holdings. Jonathan Breen reports.

China Conch Venture Holdings has bagged HK$3.9bn ($500m) from its debut in the equity-linked market, riding on the back of its surging share price.

China Aoyuan Property Group was back in the offshore market on Wednesday for the fourth time in as many months, using a dual-currency transaction to settle the last $300m of its fundraising quota.

Potential IPO issuers from across emerging markets are waiting for investor sentiment to calm so that they can sell new deals, but many fear that there is little chance of a renaissance for EM this year.

Environmental, social and governance investors have done a fine job of making their approach accepted and now mainstream in a money-driven industry. Along the way, they started saying it was all pragmatic, not about principles. That was a fiction, and under the pressure of climate change, it is being replaced with a more rounded philosophy. Jon Hay reports.

Many bond investors now say they engage with borrowers on ESG issues. Companies are noticing, and a virtuous circle is beginning to turn. But much of the conversation is still very gentle and diffuse, and not concentrated at the point of capital raising. As Jon Hay reports, more ambitious engagements to change whole industries lie in the future.

BNP Paribas is marketing two tranches of non-preferred senior debt in Euroyen format, in what has been an impressive year for the market's supply of debt from foreign banks.

China-based X Financial has set the ball rolling for a potential $250m listing on the New York Stock Exchange.

Chinese technology unicorn Meituan Dianping has started pre-marketing its potential $4bn Hong Kong IPO, quickly receiving a flood of interest from US investors. But there are challenges ahead, as the company faces a strong affront from e-commerce giant Alibaba Group Holdings.

A recent ratings outlook upgrade for Hong Kong developer Nan Fung International Holdings gave it a fillip, helping it raise $500m from a 10 year bond issuance on Tuesday.

Bank of the Philippine Islands (BPI) made its first jump into the bond market on Tuesday, taking home a larger-than-expected $600m after investors embraced the rare Philippine issuance.