Asia Pacific

Credit Suisse has hired Andy Tan, a former United Overseas Bank loans banker, as head of syndicate for Southeast Asia in its Asia Pacific financing group (AFG).

China's Viva Biotech Holdings is planning to float on the Hong Kong Stock Exchange, having filed a draft prospectus with the bourse on Monday.

GLP rode the wave of bullish sentiment engulfing China’s bond market to pocket Rmb1.5bn ($223.7m) from a Panda issuance last week, returning to the interbank market. The issuer is already planning a follow-up.

Chinese e-commerce start-up Pinduoduo is set to price its US listing at the top of guidance after a flurry of demand towards the end of its roadshow, according to a banker working on the deal.

Singapore Exchange (SGX) has rejigged its listing rules to allow companies in the mineral, oil and gas (MOG) sector to list at an earlier stage.

Chitresh Mody has left his job as head of capital markets at JM Financial to start his own fund, sources close to the matter said.

Dongfeng Nissan Auto Finance enjoyed strong support from its traditional investor base — Chinese banks and onshore arms of Japanese banks — as it sold a Rmb4.5bn ($665.7m) securitization on July 19. The deal came as looser onshore liquidity gave banks more cash to buy ABS papers.

Joint Stock Commercial Bank for Investment and Development of Vietnam has postponed the deadline for its latest dollar loan until next week. But the move is not a sign of poor demand — the deal looks likely to be doubled to $300m.

Apparel maker TCNS Clothing is set to price its Rp11.24bn ($163.5m) IPO at the top of guidance, almost entirely thanks to institutional investor demand, according to a source close to the deal.

Hope Education Group launched its Hong Kong IPO on Monday. The company is hoping to raise up to HK$3.2bn ($408m), with one cornerstone investor already in the bag.

High yield issuers have steered clear of the primary Asian bond market in recent weeks, but a tap by Agile Group Holdings at the end of last week showed there is still some demand for lower rated names.

Mainland telecommunications infrastructure giant China Tower hit the road on Monday to start drumming up interest in its HK$68.1bn ($8.7bn) IPO, according to a senior banker on the deal.