Asia Pacific

Beijing Enterprises Water Group (BEWG) sold two tranches of Panda bonds in the onshore interbank market on Thursday, taking home Rmb3bn ($470.1m). The issuer had hoped to bring in foreign investors through Bond Connect, but scrapped the plan in a rushed outing to the market.

Vietnamese telecommunications company Viettel Group has returned to the syndications market after two years for an up to $150m term loan, according to a source close to the situation.

Food and beverage company Del Monte Pacific has got the nod from the Philippine market regulator to spin off its local subsidiary, according to a stock exchange filing.

The Republic of Indonesia returned to the public yen market on Thursday for a ¥100bn ($913.76m) four-tranche transaction, navigating challenges around emerging markets volatility and its rising dollar bond yields.

Singapore’s Mapletree Logistics Trust raised S$220m ($164m) from a primary offering after pricing the units at the best end of terms for the issuer.

One of the most radical reforms ever made to financial markets is set to become law in a matter of weeks. Investors in Europe will have to ask clients about their environmental, social and governance preferences, and then abide by these choices.

Regional Japanese banks have been freed up to invest in loss-absorbing senior debt following new guidance on the regulatory treatment of TLAC holdings. The world's largest FIG borrowers will need to move into the yen market quickly to take full advantage of this new but huge source of investment for their bonds, writes Tyler Davies.

Lloyds Banking Group sold its largest ever senior deal in the yen market this week, after a new ruling from the Japanese Financial Services Agency unlocked demand from regional banks in the country.

A flurry of changes have taken place in Credit Suisse’s Asia Pacific operations.

Nomura has hired Bank of America Merrill Lynch banker Anshul Trivedi to lead its Asia ex-Japan equity syndicate team, according to a memo seen by GlobalCapital Asia.

BNP Paribas has hired a new loans banker in Singapore even as a senior executive leaves its southeast Asia originations unit, sources close to the move said.

First Pacific Co is using a new $175m bond, as well as a bank loan, to help fund a tender offer, part of a liability management exercise.