Asia Pacific

China National BlueStar (Group) Co, a subsidiary of China National Chemical Corp, has launched a $500m loan into general syndication, three months after its parent sealed a $5.5bn senior secured facility.

Deutsche Bank’s head of equity capital markets in India has resigned, according to a source familiar with the matter.

Greenland Holding Group Co priced the first floating rate note (FRN) transaction from a Chinese high yield real estate company last Friday, finding sufficient demand to extend its maturity profile to September 2021.

Temasek Holdings’ private equity funds-backed collateralised fund obligation Astrea IV started trading on the Singapore Exchange (SGX) on Monday, with investors continuing to chase after the notes.

The Asian bond market has had a volatile quarter, with new dollar issues struggling in primary and notes underperforming in the secondary market. It may be tempting to cut corners, but there is no room for shoddy market practices.

Chinese education firm Puxin popped on its first day of trading on the New York Stock Exchange last Friday, and has stayed strong since, after pricing its IPO at the bottom of the marketing range.

Automotive components manufacturer Varroc Engineering has fixed the price guidance for its upcoming India IPO, which could be worth as much as Rp19.6bn ($287.2m).

Macau’s casino operator MGM China and subsidiary MGM Grand Paradise have amended and extended credit facilities signed in 2012 for the second time.

Smartphone and devices manufacturer Xiaomi Corp has put the China Depository Receipt (CDR) portion of its $10bn IPO on hold, opting to list in Hong Kong first.

Singapore Exchange (SGX) has been allowed temporarily to continue listing its Nifty derivatives as it fights a legal battle with the National Stock Exchange of India (NSE) over replacement products.

China Reinsurance (Group) Corp’s chairman recently held talks with the Singapore deputy prime minister about catastrophe bonds. The conversation’s timing is bound to raise eyebrows, given the reinsurer’s outstanding cat bond is due next month.

Wuzhou International Holdings’ Hong Kong-listed shares and dollar bonds resumed trading on Friday after slumping heavily in late May. The reopening followed a filing from the company on Thursday evening admitting it has defaulted on some of its payment obligations.