Banks

Shell India subsidiary BG Asia Pacific Holdings is looking to raise at least Rp11.7bn ($169m) through a stake sale in Mahanagar Gas.

Jose Arnulfo “Wick” Veloso has resigned from his position as president and chief executive of HSBC Philippines.

Korea Water Resources (K-Water) has issued a Sfr200m five year Swiss franc bond, confirming South Korea as the biggest source of foreign bond issuance in the currency.

MegaFon has secured Rb15bn ($222m) in loans from Gazprombank, as Russia’s second largest phone company builds a financial war chest to become the country’s latest company to delist from the London Stock Exchange.

The European Central Bank announced on Monday that it was imposing a €4.8m penalty on Crédit Agricole for not obtaining prior permission for classifying instruments as common equity tier one (CET1) capital. It is the second largest fine it has handed to an entity in relation to its supervisory tasks.

Commerzbank was offering enough of a spread for its debut preferred senior deal to be able to tap into a deep pool of pent-up demand in the euro market on Tuesday.

Credit Suisse has appointed a new head of its equity-linked debt business in EMEA, following Frank Heitmann’s move to a senior investment banking coverage role.

Raiffeisenlandesbank Niederoesterreich-Wien (RLB NÖ-Wien) announced a mandate for a new trade on Tuesday, hoping that the rare product type and a fixed deal size will attract investors.

AGS Transact Technologies has revived its plans for a Rp10bn ($143.3m) IPO in India, according to a draft prospectus filed on Monday.

Singapore Telecommunications bagged $500m from an opportunistic outing on Monday, leveraging on its rarity value and investment grade credentials to woo investors.

Hangzhou Jianggan District Urban Construction and Comprehensive Development Co has raised $200m from a bond, shrugging off news from last week that a Xinjiang local government financing vehicle (LGFV) had unexpectedly missed payments on a renminbi note.

Telecommunications software provider AsiaInfo Technologies is lining up a Hong Kong IPO of around $300m, having filed a draft prospectus with the city’s stock exchange on Monday.