Asia Pacific

Local government financing vehicles (LGFVs) from Fujian and Jiangxi braved the offshore debt market this week, after share prices across Asia and the US recovered from a bout of volatility. The two companies raised $500m between them.

South Korea’s Daegu Bank pulled off a bold $300m bond on Wednesday, choosing to price a deal with a generous new issue premium rather than delay the sale any further.

Aster DM Healthcare is finally set to launch its Rp9.8bn ($152.7m) IPO, having once again scaled back the deal size and changed the syndicate.

A-Living Services raised HK$4.1bn ($524.4m) from its IPO this week. It priced the deal below the midpoint of guidance, but it was well-received across all tranches.

A group of employees from Vincom Retail have raised Dong 4.51tr ($197.5m) after they sold a block of the company’s shares, upsizing the offer on the back of strong institutional demand.

The Hong Kong Stock Exchange (HKEX) is giving IPO hopefuls more flexibility to price outside of indicative price ranges set during marketing, bringing its listing rules more in line with the US.

Philippines-based Integrated Micro-Electronics (IMI) is planning to tap its shareholders for Ps5bn ($97.3m) of fresh capital. The company has priced its rights issue at an attractive discount to win them over.

I’ve only ever had to organise one wedding — mine and Tai Tai’s. And even then, my main task was to show up sober and say the right name at the right time. So I never really understood the stress and worry that went into putting together a big shindig. Until this week.

Hong Kong Exchanges and Clearing (HKEX) has committed to allowing trading of popular equity index options in its after-hours trading session, after similar futures contracts enjoyed success in a lengthier session.

Sunshine 100 China Holdings became the first Asian issuer to turn to the international bond market this week, tapping a three non-call two year bond as other issuers shied away from the market following a global collapse in stock prices.

State-owned insurer China Taiping Insurance Holdings is raising a HK$500m loan from the offshore market, according to sources.

India’s capital markets regulator has given ICICI Securities the greenlight to hold an IPO, which is expected to raise at least Rp30bn ($467m).