Citi

Union Bank of the Philippines has set the terms for its planned Ps10bn ($187.6m) rights offering, which is set to go live in early September.

The autumn term has definitely begun in Europe’s corporate bond market. BMW and Daimler, which launched deals last week, may have been the scholarship swots who returned extra-early, but this week the whole sweaty gang of issuers is back en masse, and making plenty of noise.

India’s Reliance Industries has launched its long-awaited refinancing of around $2.7bn into general syndication, one month after mandating 17 lead banks to run the transaction.

Shares in India-traded Hexaware Technologies plunged after an overnight block sale in the company last week that netted Rp11.2bn ($159.6m) for Baring Private Equity Asia.

The Hong Kong bourse saw a raft of IPO filings this week, as issuers made a beeline for what could be a bumper September for new share sales.

The Indian arm of oil major Shell broke the quiet in Asia’s overnight block market this week by paring its stake in Mahanagar Gas for Rp11.8bn ($167.9m).

Japan telecoms company SoftBank took another step towards its flotation this week by replacing its intergroup credit with a double-B rated leveraged loan. This followed a high-yield bond sale in April with the same purpose.

Burundi-headquartered Eastern Southern Africa Trade & Development Bank has launched a $400m dual tranche loan into syndication, according to two lenders invited into the deal.

The pipeline of Asian IPOs headed for the US is shaping up for September, with the latest crop of issuers all starting to drum up investor interest.

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

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

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.