Asia Pacific

HSBC’s China subsidiary is returning to the domestic bond market with a three year note today. Quietly confident that offshore investors will participate through Bond Connect, the bank took a relaxed approach when marketing the deal, sources familiar with the transaction told GlobalRMB.

Kakao Games, the gaming arm of South Korean internet giant Kakao Corp, has set the initial terms for an IPO as it waits for the green light to go public.

Maybank is on the lookout for a new investment banking CEO after John Chong Eng Chuan was picked to run its retail banking arm.

China Tower Corp set the ball rolling for its Hong Kong IPO on Monday, filing a prospectus for a potential $10bn listing, according to a source close to the deal.

Scepticism over China's ability to become a global financial centre was on display at an industry conference in Hong Kong, despite recent efforts at rebooting liberalisation of the onshore market.

Universal Medical Financial & Technical Advisory Services Co is making a quick return to the offshore loan market, six months after sealing a borrowing of around $600m.

Shanghai-listed Liaoning Cheng Da plans to list its biotechnology arm in Hong Kong, according to the company.

Peking University Founder Group, Industrial and Commercial Bank of China and BOC Aviation came out with floating rate deals on Monday as the format continues to find favour among investors.

Chinese telecommunication company ZTE, which is asking for a covenant waiver on a $450m loan, is set to get some relief after US president Donald Trump said he would work with China to get the company back to business soon.

Birla Carbon, part of Indian conglomerate Aditya Birla Group, is targeting its relationship banks for the senior syndication of a $1.2bn borrowing.

JP Morgan Chase appointed Mark Leung as chief executive of China on Monday, as it unveiled plans to expand its business in the country.

IndoStar Capital Finance has scooped up Rp18.4bn ($273m) after pricing its IPO at the top of guidance, on the back of a strong turnout from a broad range of investors.