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  • South Korea’s busy IPO market is continuing to pump out deals, with the latest listings coming from Kakao Pay and Covid-19 test maker SD Biosensor. But issuers still have to be realistic, as Krafton found out when it shot for, but missed, the country’s largest ever IPO.
  • Yunnan Provincial Energy Investment Group, a Chinese state-owned company, has returned to the loan market after three years for a sustainability-linked facility.
  • Bank of China has notched yet another first in Asia’s debt market. The firm’s Hong Kong arm has raised Rmb1.5bn ($232m) from an offshore dim sum bond tagged as a ‘sustainable and smart living’ green deal, aimed at meeting the Mainland’s ambitious carbon neutrality goals.
  • Colombia’s sovereign bonds experienced a modest sell-off on Friday after Fitch become the second rating agency in less than two months to downgrade the government’s credit rating to sub-investment grade. But analysts noted that the market was already largely expecting the downgrade, which is likely to limit further widening.
  • Xpeng bagged HK$14bn ($1.8bn) this week from the first secondary listing in Hong Kong by a Chinese electric vehicle maker.
  • Renewable energy company Vena Energy was back in the bond market on Wednesday with a $175m tap of its debut green bond.