Asia Pacific

China Everbright Bank’s Hong Kong branch sold its first euro-denominated bond on Wednesday, part of a dual-currency floating rate transaction.

As banks struggle with tracking brokerage costs, they need to work out ways to properly manage cost transparency by normalising their trade data.

UBS has appointed Kevin Cui and Terry Schmassmann as co-heads of Asia DCM syndicate, effective immediately, according to an internal memo seen by GlobalCapital Asia.

Institutional investors piled into Singapore sovereign investment arm Temasek Holdings’ Astrea IV securitization, making the deal almost four times covered. All eyes are now on appetite among retail investors, as it’s the first time a private-equity backed trade is open to the public.

Vinpearl blazed a trail for the Asian equity-linked market this week as Vietnam’s first issuer of exchangeable bonds, printing a hugely successful $325m trade. But the execution was not all plain sailing, coming amid a backdrop of emerging markets angst and the disappointing IPO of a high-profile Vietnamese bank. John Loh reports.

Citi has appointed Simon Marrison to the newly created position of director on the general industrials and sponsors team in Australia.

Industrial and Commercial Bank of China’s London branch issued a $1.5bn-equivalent green bond on Tuesday, becoming the third big Chinese bank to hit the offshore debt market with floating rate notes in less than a week.

Two Chinese online platform businesses will start pre-deal investor education for their Hong Kong IPOs on Thursday, according to bankers.

FTSE Russell is set to begin consultation on including China government bonds (CGB) in the World Government Bond Index (WGBI) this year, GlobalRMB understands.

China has had a busy fortnight in capital reform, with its long-awaited entry into MSCI, and progress in plans for Chinese firms to list in London and Frankfurt. Yet it is becoming clear that regulators should focus on Hong Kong links, rather than opening up new markets.

Guangzhou R&F Properties Co raised $200m from a tap of its existing bonds on Tuesday, opting to reopen an old deal amid a challenging market environment.

Ronshine China Holdings was back in the equity market on Tuesday for a top-up placement, pocketing HK$1.1bn ($140.1m) overnight.