Asia Pacific

At least one undisclosed vendor has put up a W251bn ($244.1m) stake in Netmarble Games up for sale through an accelerated block.

Toyota Motor Finance (China) is hitting the Chinese asset-backed securities (ABS) market for a second time this year. The Japanese automaker maker will approach investors with a Rmb3bn ($452.1m) deal on November 16.

After years of anticipation, China has finally opened the door to majority foreign ownership across its financial sector. But instead of reacting with jubilance, international banks appear cautious as they await more details from regulators and remain vigilant of the challenges ahead, ranging from fierce local competition to licencing procedures.

Anton Oilfield Services Group is making a dollar bond market comeback, offering a new deal in exchange for its existing 2018 bonds.

WuHan DangDai Science & Technology Industries (Group) Co is marketing its inaugural international bond. Separately, Xinyuan Real Estate Co is meeting investors this week for its second dollar bond of the year.

Indonesian palm oil producer Sawit Sumbermas Sarana (SSMS) launched its dollar debut on Monday morning local time.

The People’s Bank of China gives foreign institutional investors greenlight to trade derivatives in the interbank bond market, Silk Road Fund sets up investment platform with a General Electric (GE) subsidiary to target Belt and Road energy projects, and the trading volume for Singapore Exchange (SGX) offshore renminbi (CNH) futures falls in October.

Chinese real estate developers China South City Holdings (CSC) and Guangzhou R&F Properties Co are wooing buy-side accounts on Monday for new dollar bond offerings.

The effort to connect China’s green bond market with that of the Western world took a step forward on Saturday, with the launch of a technical document designed to make the two markets’ standards mutually intelligible.

China Minsheng Banking Corp sealed a fixed-floating combination bond on Thursday, with the help of a 19-strong syndicate.

HDFC Standard Life Insurance Co is set to price its IPO at the top of guidance to raise Rp86.95bn ($1.3bn), having closed books nearly five times subscribed, according to a banker on the deal.

The deputy governor of the People’s Bank of China says foreign companies will be treated on an equal basis with their Chinese peers, two foreign fund managers obtain private fund management (PFM) licences through their wholly foreign owned enterprises (WFOE), and Goldman Sachs sets up an investment fund with China’s sovereign wealth fund targetting US companies.