Asia Pacific

China’s Panda bond market looks set to spring to life this year, with long-awaited guidelines said to be coming within the next two weeks. GlobalRMB takes an in-depth look at the potential for Panda bonds — and the hurdles that need to be cleared.

Sino-Ocean Property Holdings raised Rmb3bn ($469.4m) from the Panda market this week, which marked the issuer's first feat in the asset class in 10 months.

China’s indebted HNA Group has dropped plans to list a real estate investment trust in Singapore, months after Bank of America Merrill Lynch left the project.

CreditAccess Grameen filed a draft prospectus for its IPO in India on Wednesday, aiming to raise around Rp15bn ($236m), according to a banker on the trade.

Kazakhstan is preparing to open up its local markets to foreign investors, having this week inked a memorandum of interest with Euroclear. After a big year for EM local currency issuance in 2017, investors and bankers are excited about the possibility of easier access to Kazakh local markets, writes Virginia Furness.

Making Kazakh domestic assets Euroclearable is a laudable aim. But in its treatment of international investors, the country needs to be aspire to similarly high standards if it is to succeed in opening up capital markets.

High grade loans bankers are predicting a flood of refinancing and amend and extend exercises in February, as earnings blackouts end and deals that have sputtered early this year push through the market.

The Republic of Indonesia is meeting investors around the world to market what will be Asia's first sovereign green debt sale.

BAML’s Zaman off to the US — Citi’s Duffy leaves senior ECM role – StanChart names global strategy head

It is not always easy for bankers to keep up with the minutiae of their latest bonds. But one would hope they might at least know the size of these deals. Unfortunately, that is not always the case in China’s debt market.

Chinese property developer Country Garden Holdings was forced to pull a Rmb1.8bn ($281.2m) three year Panda bond this week after investors demanded a better return amid rising volatility, writes Noah Sin.

Bonds backed by standby letters of credit have fallen from grace, as tightening spreads in the dollar bond market and growing risk appetite among investors ensure that issuers can do without credit enhancement. Have SBLCs had their day in Asia? Addison Gong finds out.