Banks

China Risun Group, a coke and chemicals producer, is planning to float on the Hong Kong Stock Exchange.

Christoper Jordan has left his position as director of US private placements at Barclays in New York.

German and UK banks showed some of the lowest common equity tier one (CET1) ratios out of the 48 banks participating in the European Banking Authority’s stress test, in the adverse scenario tested. More than half the banks would also face distribution restrictions over the three years.

UBS tapped the Tokyo Pro-Bond market this week to raise ¥150bn ($1.33bn) of funding for its total loss absorbing capacity, at a time of little volume in the FIG euro market.

Hong Kong furniture manufacturer and retailer Man Wah Holdings has launched its debut $100m loan into general syndication.

China Tian Lun Gas Holding is seeking a Hong Kong dollar denominated loan to refinance a $240m dollar facility sealed in 2015.

Shanghai Pharmaceutical Holding is raising a $655m dual-tranche facility to refinance a bridge loan that was used to support the acquisition of Cardinal Health (L).

Hong Kong-listed China Water Affairs Group is paying 10bp less for a new $200m borrowing versus a similar transaction sealed earlier this year.

The People’s Bank of China will issue bills worth Rmb20bn ($2.87bn) in Hong Kong next week, in what analysts see as a signal of closer oversight of offshore renminbi (CNH) liquidity.

Two former Goldman Sachs bankers have been charged by the US Department of Justice in the first criminal probe against individuals in its investigation of disgraced sovereign wealth fund 1Malaysia Development Berhad (1MDB).

The Indian government sold a 3.18% stake in Coal India on Thursday, adding Rp52.7bn ($722.9m) to its coffers.

Cromwell European Real Estate Investment Trust (CEReit) is looking to raise €224.1m through a rights issue to fund acquisitions of commercial properties and offices.