Asia Pacific

Industrial and Commercial Bank of China raised $1.2bn on Monday from two floating rate notes (FRNs) issued through its Singapore branch, getting ahead of peer Bank of China which kicked off a jumbo Belt and Road-related transaction.

Bank of Jiujiang Co is looking for approval to float in Hong Kong, making it the second Chinese regional commercial bank to file a draft prospectus in the city this year.

A group of 23 banks opened syndication for Tata Steel’s $1.86bn dual-currency facility on Monday, but only after the deal went through numerous changes on its way to the market.

Asiamoney, in association with National Australia Bank, invites all fixed income investors in Asia and Europe to participate in the Australian Fixed Income Poll 2018. The online poll will take only five to 10 minutes to complete.

China Jinmao Holdings is approaching investors in the Panda bond market with a three year Rmb3bn ($475.7m) offer this week, just a month after it sold a renminbi bond in the offshore market.

Online game streaming platform Huya is set to launch an up to $200m listing of American Depository Shares (ADS), filing a prospectus with the US stock market regulator on Monday.

Two banks are supplying a $200m loan to back a consortium’s move to take New York-listed Chinese auto rental company eHi Car Services private.

The Commercial Bank of Qatar has signed a $250m borrowing with seven banks, in a deal syndicated in the Asian loan market.

Sarimelati Kencana, the owner of the Pizza Hut franchise in Indonesia, has started talking to investors about a $100m IPO, according to bankers close to the trade.

Mapletree Greater China Commercial Trust (MGCCT) has hired banks to manage a S$323.1m ($246m) equity raise that will be used to buy some Japanese assets.

The Reserve Bank of India (RBI) has raised the cap on foreign investment in rupee debt, giving a boost to a market whose growth was hindered last summer due to restrictions.

China’s Harbin Bank Co, which has been eyeing the offshore market for additional tier one capital for more than a year, has asked its shareholders for another year to complete the issuance. Its announcement comes as such bonds from the country’s lenders are taking a battering in the secondary market.