Asia Pacific

Syndicate Bank has become the latest in a string of Indian state-owned lenders to opt for a qualified institutional placement, looking to raise up to Rp12bn ($186.2m) in primary capital.

Three Chinese issuers hit the market on Tuesday with dollar deals, but each saw a very different outcome. One company sealed a successful trade, another locked up a private placement style bond, while the third was forced to pull its transaction.

Two shareholders in InterGlobe Aviation are looking to rake in Rp12.6bn ($196.2m) from a two day sell-down of their stock, opening the offer for sale on Wednesday morning.

A renminbi-denominated oil futures contract could launch in 2018, a move that may reshape the global commodities market, according to industry experts.

Hisense (Hong Kong) Co, a consumer electronics maker and supplier, has wrapped up its maiden $300m international loan, finding demand from a 10-strong syndicate group.

Chinese local government financing vehicles (LGFV) Huzhou City Investment Development Group Co and Urumqi Gaoxin Investment and Development Group Co hit the market with dollar deals on Wednesday.

Xinjiang Goldwind Science & Technology, a Chinese wind turbine manufacturer, is making its debut in the offshore loan market with a $300m fundraising.

China Orient Asset Management Corp launched a multi-tranche fixed and floating rate dollar transaction on Wednesday morning.

Bank of Chongqing Co started bookbuilding for its Basel III compliant additional tier one dollar bond on Wednesday, adding to a sector that has seen plenty of action this year.

Unibail-Rodamco has taken out a €6.1bn bridge facility from its advisers Deutsche Bank and Goldman Sachs, to finance its acquisition of Westfield Corp, the Australian shopping centre operator, for an enterprise value of $24.7bn.

Luso International Banking, a subsidiary of Xiamen International Bank Co, will meet fixed income investors this week for a subordinated dollar bond.

India’s Natco Pharma raised Rp9.15bn ($142m) this week, using a qualified institutional placement to sell the new stock.