Asia Pacific

Toyota’s Australian finance arm ended a 14 year hiatus from issuing bonds in sterling this week when it sold the first sterling corporate bond of the second half of 2018. The breadth of the sterling investor community was evident in the order book, but the depth was not.

Goldman’s Furtado heads to Citi — HNA chairman dies on business trip — Veteran loans banker Pemberton passes away — Everbright nabs structured finance boss — Chaudhry leaves Deutsche to study

Two Chinese companies, United Asia Finance and Greentown China Holdings, have received strong responses to their offshore borrowings, allowing them to increase the loan sizes.

More Chinese technology start-ups have come out with their IPO plans, as Pinduoduo, Aurora Mobile and Opera file their US debuts.

Hong Kong was inundated with IPO filings this week as banks sought to give themselves enough runway to launch deals before the end of the year.

Starbucks is about to get a whole lot of love from Goldman bankers in Hong Kong.

Xiaomi Corp may have raised a little less than expected in its much-hyped Hong Kong debut, but China Tower Corp is ready to steal the thunder with a juicy $10bn IPO.

The National Development and Reform Commission (NDRC), China’s offshore debt regulator, has denied considering a ban on bonds with maturities of under one year, giving the market some relief. But confusion and worry remain, writes Addison Gong.

China’s Ministry of Finance sold Rmb5bn ($755.5m) of offshore RMB bonds on Thursday, and managed to keep the coupons of the two tranches below last year’s levels. But analysts say the sovereign’s success was limited by a modest fundraising target, which partly reflects the shift of focus to onshore Chinese bonds.

The Hong Kong Stock Exchange’s revolutionary change to its listing regime for biotechnology companies is starting to pay off, as the pipeline of pre-revenue firms looking to go public builds. But there are numerous challenges ahead, not least in understanding the sector and the risks involved. Jonathan Breen reports.

Inke priced its Hong Kong IPO at the low end of expectations on Thursday to raise HK$1.2bn ($152.9m), amid investor jitters about a China-US trade war.

An event of default has occurred on Hong Kong-listed Wuzhou International Holdings’ $300m bond, after the company failed to make principal payments of Rmb1.002bn ($151m) on its onshore loans.