Asia Pacific

Jerome Leleu, co-head of equity capital markets for Asia Pacific at Morgan Stanley, has passed away at age 41.

Singapore sovereign wealth fund Temasek Holdings is set to take the securitization market to the next level, seeking three tranches of rated notes worth $500m-equivalent through Astrea IV. A local currency-denominated tranche will also be opened for subscription to retail investors later this week.

Morgan Stanley’s private equity arm is selling shares in South Korea’s Hyundai Rotem for the third time this year, aiming to raise W220bn ($200m) with the latest deal.

Chinese education firm Puxin's $166m New York Stock Exchange IPO was covered by demand from Asian investors alone on the first day of bookbuilding.

China Construction Bank Corp’s Hong Kong branch made an unusual Friday outing into the bond market, adding $1.5bn to its coffers from two tranches of floating rate notes.

Banks can start using debt issued by green and small businesses to borrow from the Chinese central bank, markets watchdogs tighten cash withdrawal rules on money market funds, and the banking and insurance regulator tackles excessive corporate borrowing with new guidelines.

China Merchants Securities’ head of equity syndicate in Hong Kong has taken up a new job in the capital markets team at Fidelity International.

Shanghai and Hong Kong’s stock exchanges say markets were in good form as the MSCI included A-shares in its benchmark, regulators approve new quotas for outbound and inbound investment schemes, and Aberdeen Standard Investments launches Luxembourg-based fund to tap onshore bonds.

Indiabulls Housing Finance has made a quick return to the loan syndications market for a $200m borrowing.

Hong Kong Broadband Network has closed an amendment and extension of a HK$4.1bn ($528.5m) loan sealed two years ago, slicing the margin by 30bp.

The central bank chief says competition from international institutions is key to improving the Chinese financial sector, the securities watchdog says the first China Depository Receipts (CDRs) will launch soon, and the Ministry of Commerce tells the US to hold back from taxing $50bn of Chinese goods.

Investors flocked to Korea Western Power Co’s (Kowepo) $300m bond issuance on Thursday, finding a safe haven in the government supported credit.