Asia Pacific
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India’s securities regulator has relaxed the disclosure norms for IPOs to encourage fundraising in the capital markets, according to a statement on Thursday. -
DBS's Singapore-based syndicate banker Cleaven Yu is set to head up a new debt capital markets origination team in Shanghai from next month.
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VPBank Finance, the consumer finance arm of state-owned Vietnam Prosperity Bank, has closed its loan at $185m with 13 participants joining during syndication.
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Commitments from a 15-strong syndicate group has allowed China’s Kingboard Chemical Holdings to increase its loan to HK$7bn ($892m) from HK$6bn.
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ICBC International Holdings' Thursday outing drew attention in both the primary and secondary markets. Its $700m floating rate note transaction captured a $5bn-plus book at its peak, with the bond then trading 8bp-10bp tighter in the aftermarket.
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Online travel service provider Tongcheng-Elong Holdings is seeking up to $900m from a listing in Hong Kong, according to a source close to the transaction.
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Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) is making a quick return to the loan market for an up to $300m fundraising.
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In this round-up, US and China go tit-for-tat in trade war, a federation of Belt and Road exchanges is on the way, and Saxo Bank launches Stock Connect offering.
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Heungkuk Fire and Marine Insurance Co, which kicked off bookbuilding for a dollar bond on Thursday, was still speaking to investors on Friday morning, according to a source close to the situation.
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Xiaomi has covered its whopping HK$48bn ($6.1bn) listing thanks to a strong flow of early orders, according to a book message sent out on Friday morning, a day after bookbuilding kicked off.
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HSBC has named Hemant Lodha as head of the financing solutions group, debt capital markets, Asia Pacific, with immediate effect, according to a memo seen by GlobalCapital Asia.
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A new drive to encourage bondholders to "engage" with issuers — jargon for asking them to improve their behaviour — is set to be started by a well known corporate bond investor who has joined an NGO.
