Asia Pacific

Indian business services provider Quess Corp has launched a two-day Rp6bn ($92.7m) offer for sale of secondary shares, according to stock exchange data.

Kingboard Chemical Holdings took out HK$5.5bn ($704.4m) from the syndicated loan market this week, after bringing in nine banks as bookrunners on top of the two original lead banks.

Property developer Country Garden, which holds the record for selling the Panda market’s largest bond, has obtained approval for a Rmb9.5bn ($1.44bn) issuance programme, the company said in a filing on Hong Kong Stock Exchange on Thursday.

Tata Motors’ £640m ($839m) refinancing has been launched into general syndication after the senior phase was completed this month.

HSBC is looking for a period of stability in which to rebuild staff morale and dealflow, following the abrupt departure of co-head of global banking Matthew Westerman after less than two years. David Rothnie and Toby Fildes report.

The index subsidiary of Deutsche Boerse, Stoxx, on Wednesday highlighted the success of its Asia-Pacific indices, as it taps into smart beta strategies.

Thailand’s Gulf Energy Development Co priced its IPO at the top of guidance this week, raising Bt23.9bn ($730.4m) from the largest corporate listing in the country in more than a decade. The deal was swamped with orders, reflecting investors’ eagerness to look beyond Asia’s developed markets for better returns, writes Jonathan Breen.

Yes Bank has dipped its toes into the Japanese Samurai loan market for the first time to raise ¥16.5bn ($150m), placing it among a handful of Indian firms that have tapped into yen liquidity. The move could inspire other Indian financial institutions to follow — provided the pricing advantage holds. John Loh reports.

UBS has named a top executive in Zurich to take over as its India country head from next year, according to an internal memo seen by GlobalCapital Asia.

Centratama Telekomunikasi Indonesia has launched a triple-tranche $390m financing into general syndication through two mandated lead arrangers and bookrunners.

China's big-shot technology companies rule the world, as Tencent made clear when it broke through the $500bn valuation mark this week. But more importantly, these firms aren’t afraid to let their bankers know it.

Greatship (India) and Sino Horizon Holdings are in the market with their latest financings, each offering three ticket levels.