Asia Pacific

Commodities trader Trafigura sold a Rmb500m ($78.9m) three year Panda bond through a private placement on April 26, marking the issuer’s first feat in China. The company said it hopes to become a regular issuer in the Panda market.

Indonesian property company Bumi Serpong Damai returned to the debt market on Monday for a quick $50m tap to its $250m 7.25% 2021 bond that was sold last week.

A spate of pulled IPOs in Asia offers some valuable lessons on how to make a graceful exit. Investors should not be left holding the short end of the stick.

Asia’s bond market is getting tougher, forcing issuers to take roadshows seriously once again.

CTBC Financial Holding has hired veteran banker Benson Chua as head of corporate and institutional banking.

Poly Property Group and Hong Yang Group Co raised funds from the dollar bond market last Friday, with the former opting for a tap of its outstanding paper and the latter going down the short-term note route.

Hong Kong-listed real estate company Agile Property Holdings launched a HK$6bn ($765m) deal to the market last week, wooing lenders with a juicy margin and all-in pricing.

White goods maker Qingdao Haier has won approval from its shareholders to float D-shares on the Frankfurt-based China Europe International Exchange (Ceinex).

Real estate developer Vinhomes has launched bookbuilding for its D31.8tr ($1.4bn) listing, set to be Vietnam’s largest equity offering to date.

Securities watchdog moves the foreign ownership limit in securities and asset management companies to 51%, regulators extend grace period for financial institutions to comply with wealth management product rules, and FTSE Russell says dim sum will thrive despite onshore opening.

FX watchdog grants $8.34bn of quotas for the qualified domestic institutional investor (QDII) outbound investment programme, the leadership of the ruling Communist Party reinforces the promise to open up markets, and Bond Connect sees growing Q1 investments.

Indian real estate company Lodha Developers is preparing to raise up to $562m from the primary portion of its planned IPO, according to a draft red herring prospectus filed on Thursday.