Banks

China’s Tongyi Lubricant, which is backed by private equity firm Carlyle Group, has tapped three Taiwanese banks to help it raise $110m from the loan market for a dividend recapitalisation.

Dingdong (Cayman), a Chinese e-commerce company for fresh groceries, and its rival Missfresh are testing investor appetite at the same time for their US IPOs.

The Export-Import Bank of Korea (Kexim) sold the first public 20 year dollar bond from a FIG issuer from the country this week — potentially paving the way for other borrowers to also opt for the same tenor. Morgan Davis reports.

Indian software services provider Coforge, previously known as NIIT Technologies, is seeking a loan to fund a dividend recapitalisation, joining a growing list of companies raising debt to pay a special dividend to shareholders.

ANZ has appointed Niro Somasekeran as head of corporate finance for south and southeast Asia.

The green dim sum bond market saw a small jump in action on Tuesday, with high yield issuer Zhenro Properties Group selling a short-dated deal and German development bank KfW reopening one of its existing notes.

RHB Bank enticed investors with a rare bond from Malaysia’s banking sector, drawing in more than twice the demand for a $500m deal.

BoCom International Holdings Co leaned on a hefty syndicate team to lock up a $500m five year bond on Tuesday.

Singaporean logistics company GLP used a subordinated perpetual bond structure to raise $300m of green funds this week.

Vattenfall, the Swedish electricity company, powered through its euro hybrid capital funding levels with a debut sterling green hybrid this week, as the sterling market continues to provide ample support for borrowers.

LEG Immobilien, the German housing company, has mandated for its debut sustainability bond. Bond market participants expecting sizeable demand for it, despite the recent deluge of property deals.

Baltics Classified Group, the online classified advertising company focused on the Baltic region, has opened the books on its £238m IPO on the London Stock Exchange.