DBS

Indonesia’s Aneka Gas Industri has wrapped up its Rph1.0tr ($77.0m) IPO after pricing towards the middle of price guidance, with strong demand seen from local and foreign long-only investors.

Xi'an Municipal Infrastructure Construction Investment Group Corp made an unusual move by coming to the bond market on Friday when investors were waiting for non-farm payroll numbers. But thanks to strong indications of interest, the trade got away successfully.

Postal Savings Bank of China has tacked on some 20 bookrunners to the syndicate group for its long awaited $8bn IPO in Hong Kong, which is set to begin pre-deal investor education on Monday.

Xi'an Municipal Infrastructure Construction Investment Group Corp is seeking dollar funding, becoming the latest Chinese local government financing vehicle to hit the bond market.

First-timer Far East Consortium International found markets plane sailing on Wednesday, managing to raise $300m thanks to no other high yield names distracting investors.

Waskita Beton Precast has wrapped up a deal some consider to be this year’s hottest Indonesian IPO, with investors piling in to help it raise Rph5.16tr ($390.61m) near the top of the price range.

A senior banker in the Asia Pacific financing division of Credit Suisse has stepped into a newly created position at the bank.

DBS Bank sealed a landmark $750m additional tier one (AT1) bank capital deal on Tuesday, marking not just its first dollar AT1 but also the first from a Singaporean lender. Despite the lowest ever coupon globally for this asset class, investors feasted on the credit, reports Addison Gong.

Just a day after DBS sealed a $750m deal from a Basel III compliant additional tier one note, the bank capital market has seen some fresh action with United Overseas Bank eyeing a tier two offering.

Two Chinese high yield names made their mark on Tuesday, with Road King Infrastructure bagging $500m and Haikou Meilan International Airport netting $200m from its first G3 bond offering.

Bharat Petroleum Corp (BPCL), which sent out a request for proposals for a $750m borrowing in July, is said to be planning to raise the money from three banks on a bilateral basis, as opposed to a syndication.

Chongqing Western Modern Logistics Industry Zone Development Construction raised $500m from bond investors on Tuesday, with generous initial price guidance allowing the issuer to tighten by as much as 30bp.