Asia Pacific

Huarong Real Estate Co and Fosun International approached investors with different trades on Tuesday, with the former nabbing €500m from its inaugural offshore bond and the latter taking $300m from an opportunistic deal.

A local government financing vehicle from China’s Yiwu city leveraged on its strong credentials to raise $500m from a five times covered bond on Tuesday.

Anton Oilfield Services Group, rated Caa1/—/CCC, ventured into the volatile market on Tuesday to close its exchange and new money offering, taking home $300m in the process.

China’s Hebei Construction Group is preparing to launch its potential $300m Hong Kong IPO on December 4, according to two sources close to the transaction.

Hong Kong-listed Semiconductor Manufacturing International Corp raised $969m on Tuesday from an unusual multi-tranche offering of equity and convertible perpetual bonds.

The first set of commitments are in for Pakistan’s latest outing in the syndicated loan market — a $700m 10 year facility that is partially guaranteed by the International Bank for Reconstruction and Development (IBRD).

Srei Equipment Finance, a wholly-owned subsidiary of Srei Infrastructure Finance, filed a draft prospectus for its IPO with the Indian market regulator on Tuesday.

Sasseur Reit will put off launching its S$500m ($366m) IPO in Singapore until early next year, according to bankers close to the matter.

Demand from international investors to participate in Bond Connect is strong – with Ireland and Luxembourg-registered funds set to be the next group to join in once real-time delivery versus payment is introduced later this year, two bankers told the IFLR Asia Capital Markets Forum on Tuesday.

The Chinese regulators are planning to expand Bond Connect to cover exchange traded bonds, and are mulling changes to older access channels such as the qualified foreign institutional investor (QFII) scheme, according to market participants.

CPI Ronghe Financial Leasing, which launched its first international syndicated loan a couple of months ago, has wrapped up the deal with a dozen banks chipping in.

The Islamic Republic of Pakistan opened its dollar-denominated sukuk and conventional bonds for bids on Wednesday, just days after the country’s government was forced to bring in the army to tackle protests in the capital.