Asia Pacific

The first meeting of the Central Banks’ and Supervisors’ Network for Greening the Financial System has broadened the emphasis of the group’s work from a focus on climate change to one on climate and the environment.

Two Chinese property developers are in the market on Monday evening to sell convertible bonds with nearly identical structures.

China and the UK have still not announced the launch date of the London-Shanghai Stock Connect, but international investors are already positioning themselves to get the most out of the new link, Gary O’Brien, a senior custody banker at BNP Paribas, told GlobalRMB.

Vietnamese state-owned electricity producer Power Generation Corp 3, which sits under Vietnam Electricity Corp (EVN), is preparing to launch an IPO worth at least D6.5tr ($285.4m) in February.

Indiabulls Housing Finance is looking to borrow an up to $200m five year loan to replace an identical fundraising from September 2016.

China Cinda Asset Management Co has mandated 12 global co-ordinators and an additional 11 bookrunners and lead managers for its upcoming senior dollar transaction, with investor meetings and calls scheduled over the next two days.

Bond supply in Asia continues to be strong in the lead up to Chinese New Year and ahead of the year’s first Federal Reserve meeting this week. The pipeline from the mainland particularly is building up, with property and energy names preparing to go offshore.

A HK$13bn ($1.66bn) three year financing to support a consortium’s acquisition of retail properties in Hong Kong is in limited syndication, with the underwriter title on offer.

The US Federal Reserve is scheduled to meet this week, just days after the yield on 10 year Treasuries reached a three-year high. But the Asian debt market remains largely unfazed, with investors focusing on the impending bond supply threatening to overwhelm them.

Chinese wearables manufacturer Huami Corp has kicked off bookbuilding for a $120m IPO of American Depository Shares (ADS).

Data releases by a number of monetary authorities show uneven turnover in RMB-denominated FX transactions around the globe.

GDS Holdings raised $286m from the sale of new and existing equity last Friday after demand came in better than expected, allowing the secondary portion to be doubled.