Asia Pacific

The International Finance Corp has appointed a new head of funding, following the departure of Ben Powell last October.

India’s Housing Development Finance Corp has won approval from its committee of directors to raise up to Rp129.9bn ($2.05bn) in fresh capital.

India's Tata Steel has lined up a group of 21 lenders for an up to $2.16bn six year loan, which will be launched into primary syndication in a couple of weeks, said bankers close to the deal.

Chinese issuers Peking University Founder Group, Bank of Communications Financial Leasing Co, Geely Automobile Holdings and Jinjiang International Holding are meeting investors this week ahead of planned dollar and euro bond sales.

Mizuho Financial Group has appointed Tatsufumi Sakai as its new president and group chief executive, succeeding Yasuhiro Sato, who is becoming the bank’s chairman.

Nomura has hired veteran banker Guy Smith as head of DCM and acquisition and leveraged finance for Asia ex-Japan, effective Monday.

Tata Steel, Tunas Baru Lampung and State Bank of India are on the prowl for dollars as they kick off their annual fundraising activities.

The Indonesia Stock Exchange has been evacuated after a part of the building, thought to be a floor, collapsed on Monday.

China Hongqiao Group has opened books on a HK$6.2bn ($798m) top-up placement, in yet another Hong Kong equity block deal to be launched with a fixed price.

Huami Corp, backed by Chinese mobile internet and electronics brand Xiaomi, is eyeing the Nasdaq stock exchange for a $150m IPO of American Depository Shares (ADSs).

Two issuers from the Guangxi province of China, Guangxi Financial Investment Group Co and Guangxi Communications Investment Group Corp, are hitting the dollar bond market for funds.

China Jinmao Holdings Group raised HK$3.3bn ($425.8m) from a fixed price offering of new shares through a top-up placement last Friday.