Asia Pacific
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Zhejiang Hengyi Group Co, a Chinese petrochemical company, was the second issuer to fall short in the international debt market this week, pulling its planned debut dollar bond on Thursday. -
The People’s Bank of China believes market appetite, instead of government policy, now drives the RMB’s level of usage offshore, three sovereign issuers line up Panda bond debuts, and China’s FX reserves shrink marginally after growing for the past 11 months.
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Brussels has moved even faster than green finance experts hoped to bring forward its Sustainable Finance Action Plan, a document stuffed with measures to change the way financial markets operate and make them better fitted for the fight against climate change.
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China National Chemical Corp (ChemChina) enlisted the help of 18 lead managers to sell a six tranche bond in two currencies on Wednesday.
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Ma returns to HSBC — Morgan Stanley Indo banker exits — SocGen promotes Malhotra — Credit Suisse loans chief leaves — Citi loses HK, Macau head — JPM dealmaker heads to start-up — UBS sees senior departures
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Tata Sons is poised to end a decade-long absence from the syndicated loan market when it launches a $1.5bn transaction later this month.
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India’s Bandhan Bank is set to launch bookbuilding for its Rp44.7bn ($687.5m) IPO next week, according to a notice on Thursday.
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Finance is a pretty sexy industry, as we all know. Who would ever question the attraction of making money? My mates and I certainly never have — but one friend got a bit more than he bargained for when he innocently called Singapore’s ministry of finance the other day.
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Chinese video streaming platform Bilibili filed a prospectus with the US market regulator this week, eyeing up to $400m from an IPO of American Depository Shares (ADS).
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China National Chemical Corp (ChemChina) has raised $6.4bn from a six-tranche transaction in euros and dollars to refinance debt taken for Syngenta’s acquisition. The issuer was willing to pay up to take more on the long end of the curve, with the juicy premium summoning a book of more than $15bn at its peak.
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The People’s Bank of China’s first update on bank capital regulations in more than a decade has explicitly given the nod to principal write downs, giving banks more options when it comes to switching between the offshore and onshore markets. Addison Gong reports.
