Asia Pacific

Edelweiss Financial Services has added Rp15bn ($229.6m) to its coffers after pricing its qualified institutional placement at the bottom of the range.

Dalian Wanda Commercial Properties (DWCP) has put together a three-pronged plan to address problems related to its offshore loans, worth close to $1.5bn. The deal itself is giving lenders enough of a headache. But it has also put the spotlight on other loans guaranteed by onshore parents in China, writes Shruti Chaturvedi.

Bank of China's Paris branch raised almost $1.5bn across three currencies and tranches on Wednesday, marking the fifth offshore green bond from China this year. Concord New Energy had contrasting success and pulled out of a planned deal.

Reliance Communications, an Indian telecoms business, defaulted on a $300m bond this week, failing to make a coupon payment to offshore investors after being given a seven-day grace period. The company has put together a plan to restructure its debt, but it has been greeted with widespread scepticism. Addison Gong reports.

Chinese property company Xinyuan Real Estate Co raised $200m from a 2020 transaction on Wednesday, managing to price the deal in a difficult environment.

Shenzhen International Holdings and Tahoe Group Co have mandated banks to organise roadshows for new dollar bonds.

Barclays is courting Singapore investors on Thursday for a benchmark subordinated Singapore dollar bond.

China Jianyin Investment (JIC), an equity investment group, launched a euro-dollar combo transaction on Thursday morning, its first international debt offering.

Natixis has boosted its distribution capabilities in southeast Asia by bringing in a former BNP Paribas loans banker.

VTB Capital is making headway in seeking to grow its capital markets and investment banking business in Asia, after growth plans in the US and Europe were stymied by sanctions.

Banco Santander is preparing to sell its non-preferred senior bonds in the public yen market, with pricing expected in early December.

Cromwell European Real Estate Investment Trust is taking another stab at a Singapore IPO after it was forced to scrap the trade in September, returning with a smaller €555.7m ($657.9m) deal.