Asia Pacific

A pair of Samsung Group insurers are looking to offload W1.33tr ($1.2bn) of shares in sister firm Samsung Electronics, poised to be South Korea’s largest overnight bookbuild since 2011.

Jitters around Italy’s political turmoil made its way to Asia’s bond and stock markets on Wednesday, forcing debt capital markets bankers in the region to hit the pause button on deals.

Chinese used car e-commerce platform Uxin began investor education for a potential $500m Nasdaq IPO on Wednesday, said a banker on the deal.

UBS has hired senior investment banker Ranjan Sharma as head of equity capital markets for India, according to a source familiar with the matter.

JP Morgan has hired lifetime Macquarie Capital banker Jim Miller as vice-chairman of investment banking in Australia, according to a source familiar with the matter.

Nasdaq-listed GDS Holdings has opened books for its debut equity-linked transaction worth up to $300m, offering investors an unusual seven year tenor and non-call life feature.

The London-Shanghai Stock Connect appears to be finally taking shape after several years in the making. But with the dollar beating the renminbi and the pound to become the link’s major trading and settlement currency, the scheme looks increasingly skewed towards investors in the US rather than those in the UK and Europe.

Property developers Times China Holdings, Central China Real Estate and China South City Holdings raised funds from the dollar bond market on Monday, with all three finding sufficient buy-side interest.

Foxconn Industrial Internet’s move to place its chunky A-share IPO in China with a group of strategic investors — closely resembling Hong Kong’s cornerstones — needs to be lauded, not criticised.

The Ministry of Finance of Georgia has started laying the groundwork for issuing its debut Panda bond in China, multiple sources have told GlobalRMB.

State Bank of India has launched a new $750m three year borrowing into general syndication, about two months after mandating banks to run the transaction.

Hong Kong-listed Enerchina Holdings has mooted a HK$1.3bn ($165.7m) cash call as it looks to boost its financial services business and repay debt.