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  • The US securities regulator has introduced rules that would delist foreign companies from local stock exchanges if they do not comply with US auditing standards. Shares in Chinese companies dual listed in Hong Kong and the US dived following the move.
  • Indian companies have churned out listings rapidly, giving the country’s IPO market its busiest start to the year in more than a decade. The volume has so far been driven by small deals, but large transactions are now looming. Jonathan Breen reports.
  • The New Development Bank sold a Rmb5bn ($767m) Panda bond aligned to the United Nations’ Sustainable Development Goals this week. The deal, expected to help mitigate the impact of Covid-19 on the Chinese economy, was priced flat to China Development Bank’s yield curve, and saw solid demand from international investors. Addison Gong reports.
  • Tricor Holdings, owned by investment firm Permira, has brought a rare dividend recapitalisation deal to Asia’s loan market. Pan Yue reports.
  • Horse racing is a way of life in Hong Kong. It is also just one part of life that has been changed dramatically by the coronavirus.
  • Avic International Leasing Co landed a $500m bond well inside of fair value on Wednesday, thanks to strong support from its syndicate banks.