Asia Pacific

UBS has merged its corporate client solutions team for China with the Hong Kong and Taiwan unit, according to an internal memo seen by GlobalCapital Asia.

Hong Kong-based Liu Chang has left JP Morgan’s equity capital markets syndicate team, according to a source familiar with the matter.

Hong Kong-listed Beijing Enterprises Clean Energy Group (BECE) has filed for a Rmb2.8bn ($439m) issuance programme in China, paving the way for the red chip’s debut in the Panda market. Should the application go through, the issuer will sell the first perpetual bond in the asset class.

Global asset manager Carlyle Group has poached Credit Suisse’s most senior investment banker in Indonesia.

Zurich Insurance sold its first bonds in the Australian dollar market this week, as it looks to finance its recent acquisition of Australia and New Zealand Banking Group’s life insurance business.

Credit Suisse has appointed Aditya Goenka as head of Asia Pacific financing group (AFG) for India, effective immediately, according to a memo seen by GlobalCapital Asia.

Tianqi Lithium Corp and CEFC China Energy Co were thrust into the limelight this week after their existing dollar bonds plummeted in the secondary market. Addison Gong reports.

Royston Quek, head of Greater China DCM at Barclays, has left the bank after just over three years on the job.

Veteran loans banker Peter Zhang, who has worked at Natixis for around a decade, is leaving the firm, according to sources.

Auto components maker Sansera Engineering has mandated four firms to lead its India IPO, which could raise up to Rp15bn ($219.9m), according to a banker on the deal.

The successes and failures of a handful of deals last week showed that floating rate notes are not just for financial credits, but can also serve corporations well — especially in times of real need.

While Bond Connect has opened up China’s booming securitization market, most international investors are only tapping deals originated by foreign auto finance companies. But this is starting to change as Chinese banks prepare to sell residential mortgage-backed securities (RMBS) through the bond link.