Asia Pacific

Lloyds is set to follow Santander in selling Samurai bonds this week, as European banks look to the yen market as a funding base for loss-absorbing debt.

India’s Rural Electrification Corp is one of the few non-Chinese issuers laying the groundwork for a new dollar bond before the end of the year.

A two-part loan for Singaporean private equity firm Capital Square Partners’ acquisition of business process outsourcing company Aegis has entered into general syndication.

China’s Hebei Construction Group has kicked off a one week roadshow to solicit investor interest for its HK$2.32bn ($297.2m) IPO, as a group of other Chinese firms also target Hong Kong listings.

China Education Group Holdings has opened books for its up to HK$3.5bn ($450m) IPO in Hong Kong, with high-profile investors such as GIC and International Finance Corp taking up cornerstone positions.

China Reform Holdings Corp, China General Nuclear Power Corp (CGNPC), Hong Kong’s Pearl Holding III and Shimao Property Holdings are among the issuers in the market with new transactions on Monday.

CPF Investment, a unit of Thai firm Charoen Pokphand Foods (CPF), has approached the syndicated loan market for a $625m borrowing.

There was little excitement among investors for Shandong International Trust’s Hong Kong IPO, with the HK$2.95bn ($377.5m) deal priced near the bottom of guidance, according to a banker close to the listing.

The Republic of Indonesia is back for its fourth outing in the international debt market this year. But the sovereign is offering something a little different to investors this time around, taking bids for its first SEC-registered bond.

Amid UBS’s Sergio Ermotti’s spat with regulators, Clawback columnist Philippe Espinasse turns his attention to this season’s banker bonuses.

DLF is preparing to tap equity investors for the first time in four years, as shares in the Indian real estate firm reach a level not seen since 2013.

China wants to see more French banks underwriting bonds in its interbank bond market, the deputy governor of the People’s Bank of China says financial risk prevention is a key consideration for the country’s FX policy, and FTSE Russell reviews its China-related equity indices.