Asia Pacific

Union Bank of India has become the latest financial institution to use the qualified institutional placement route to raise capital, as the country’s banks head to the public market to plug their capital shortfalls.

Development Bank of Kazakhstan on Thursday priced the first ever tenge Eurobond, raising the equivalent of $300m from a three year note.

Nine years after the rescue of Lehman Brothers’ EMEA and Asian investment banking operations triggered a failed attempt by Nomura to enter the big league of investment banking, the Japanese bank has got the deal bug again, writes David Rothnie.

Europe looks ripe for a wave of takeovers by Chinese companies in 2018, as the country becomes more willing to countenance dealmaking overseas after its recent pullback.

The end of the year awards season can be tense for everyone. It's hard to enjoy the lengthy meetings, endless pitches and repeat questions about the same deals over and over. So if a banker can take the meetings a little less seriously, it makes for a very refreshing change.

The Republic of Indonesia added yet another feather to its cap this week, selling its first SEC-registered bond on Monday. The sovereign has long been considered one of the most sophisticated debt issuers in Asia, and its new $4bn transaction shows how far it has come, writes Morgan Davis.

Nine banks have formed the syndicate for a HK$1.25bn loan for Hong Kong-listed China Tian Lun Gas Holdings.

Deutsche Bank shook up the senior ranks of its equity capital markets desk in Asia this week, removing the co-head structure and merging ECM with equity derivatives. The move comes amid a global reorganisation being rolled out from the bank’s headquarters that combines the equity and debt financing units with markets. John Loh reports.

Vietnam is giving a fillip to transparency around IPOs of state-owned companies, passing a new law that will allow firms that are being privatised to conduct a public bookbuilding. While a step in the right direction, the effect of the law is still being debated, with many problems yet to be overcome, writes Jonathan Breen.

Charoen Pokphand Foods (CPF) has brightened up Thailand’s offshore syndications market, tapping international liquidity for a $625m loan. With few other deals from the southeast Asian country whetting lenders’ appetite, banks are keen to take a piece of the fundraising. Shruti Chaturvedi reports.

International investors were eyeing the first Kazakh tenge trade to be cleared by Euroclear on Thursday.

Two Chinese government-owned entities, Chengdu Communications Investment Group Corp and Qinghai Province General Aviation Group Co, priced their dollar bonds on Wednesday, but opted for very different tenors — the former a 10 year and the latter 363 days.