Asia Pacific

Chinese internet search giant Baidu is considering the sale of China Depository Receipts (CDRs).

More companies are planning to follow Qingdao Haier’s lead as it prepares to sell the first batch of D-shares, a new asset class for Chinese stocks listed in Germany, a spokesperson at the China Europe International Exchange (Ceinex) told GlobalCapital Asis's sister publication GlobalRMB.

Beijing-based investment bank Chinese Renaissance and property manager Kaisa Property Holdings have set the ball rolling on their Hong Kong IPOs.

Automotive components manufacturer Varroc Engineering has launched bookbuilding for its potential Rp19.6bn ($287.8m) India IPO.

The Asian Infrastructure Investment Bank (AIIB) will collaborate with the Islamic Development Bank Group (IsDB) to co-finance projects with a focus on sustainable infrastructure.

Market participants are “gearing up” to transition from major benchmark interbank offered rates (IBORs), but that only 11% have actually allocated any money to seeing through the initiative, according to a survey conducted by major capital markets trade bodies.

The Islamic Development Bank has been meeting investors and banks in Europe to explore the possibility of launching its first public sukuk issue in euros. A labelled green sukuk might follow.

Bank of New Zealand has chosen a covered bond as the format for a new deal, after originally announcing it would consider senior unsecured or covereds.

Singaporean commodities company Vitol Asia has attracted 19 participants to its one year revolving credit facility.

After days of volatility in Asia’s capital markets, what does the bond issuance pipeline look like this week?

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings has entered into a standstill period for a $72m bond that was due earlier this year.

The Vietnamese government has approved the equitisation of a stake in Vietnam National Shipping Lines (Vinalines), according to a statement on the company’s website.