Asia Pacific

The banking and insurance regulator moves to level the playing field for international banks, Xiaomi publishes its prospectus for the inaugural China Depository Receipt (CDR) listing, Shanghai Stock Exchange (SSE) and Luxembourg Stock Exchange (LuxSE) launch an information sharing system for onshore green bonds.

Cambodia’s Prasac Microfinance Institution has decided to increase the size of its loan to $100m after receiving commitments from 14 lenders to the oversubscribed deal, according to a banker close to the situation.

Asiana Airlines, South Korea’s second largest carrier, fell victim to the rising interest rate environment, cancelling a senior perpetual bond sale on Thursday. While the notes had a relatively investor friendly structure for a perp, credit analysts did not see much value in the deal.

India’s Tata Motors is seeking an up to $250m loan to buy back bonds that are due in 2020.

Strong investor demand for Export-Import Bank of Korea’s renminbi credit took the issuer back to the Formosa bond market on Thursday for a Rmb1.5bn ($234.8bn) outing. The transaction came just over three months after the policy bank sealed a public deal in the same market.

NH Investment & Securities added W245.6bn ($228.4m) to its coffers from an overnight sell-down in Hyundai Steel on Thursday, pricing the trade in the middle of the indicative range.

An asset manager lists ETF tracking onshore Chinese treasury and policy bank bonds, Schroders launches private fund in the mainland to target the domestic equity market, and China’s foreign exchange reserves shrink by 0.46%.

The banking and insurance regulator publicises performance of controlling the trust sector’s fast growth, FX watchdog’s chief reiterates the need to forestall risk when opening up China’s capital account, and officials name internet security as a key plank in their policy programmes.

HSBC has named Sean Henderson and Sean McNelis as co-heads of debt capital markets, Asia Pacific, with immediate effect, according to a memo seen by GlobalCapital Asia.

Del Monte Pacific has shelved the Ps17.6bn ($334.5m) IPO of its subsidiary Del Monte Philippines citing poor market conditions.

Monica Chang, head of loan syndication at ANZ in Taiwan, has left the bank, according to sources.

Chinese optical fibre developer Hengtong Group has hit the international loan market for the first time for a $100m fundraising.