Asia Pacific

China Everbright International hit the market on Tuesday with news of a billion-dollar rights issue, sending its stock price tumbling

Beijing Construction Engineering Group (BCEG) raised $600m from a quick transaction on Monday, following the approach of other recent Chinese issuers by relying on anchor orders to close the deal.

Singaporean commodity company Louis Dreyfus Asia has boosted its three year revolver to $600m after attracting 20 participants during syndication.

Chinese information technology company Digital China Group is tapping the offshore loan market for a $100m deal.

MUFG Bank has named ex-Royal Bank of Scotland executive Gyan Harlalka as head of global markets for India.

After a two year absence in the Panda bond market, Veolia Environnement made its return last week to raise Rmb1bn ($145.6m). Instead of placing another three year bond, the French corporate issuer cut the tenor to just one year — a move that paid off for the borrower, said bankers.

CreditAccess Grameen has raised Rp11.3bn ($161.7m) after pricing its flotation in India at the best terms for the issuer, a banker on the deal said.

Mrs. Bectors Food Specialities is planning to float for as much as Rp8bn ($114.4m), having filed a draft prospectus with the Indian regulator.

Morgan Stanley has made two senior appointments in its southeast Asia investment banking team, according to a memo seen by GlobalCapital Asia.

South Korea’s securities regulator waved through Hyundai Oilbank’s billion-dollar IPO plans at a preliminary screening on Monday.

Nio, a Chinese electric car company, has started sounding out investors for its IPO on the New York Stock Exchange with an indicative size of $1.8bn.

Nomura has hired Jin-goo Kim as head of debt capital markets for Korea.