Hong Kong SAR

BOC Aviation has already covered books for its HK$8.7bn ($1.1bn) IPO, having started the roadshow on Monday morning, said a source familiar with the matter.

Samsonite International has signed a credit agreement with its lenders for the $2.425bn financing it took out to back its takeover of premium luggage maker Tumi, according to a company filing.

Less than two weeks after its Singapore branch issued a three year bond, Industrial and Commercial Bank of China’s Hong Kong unit is now joining the fray with an identical transaction.

Hong Kong based Sun Hung Kai has announced the minimum yield for an exchange offer that will switch bondholders out of the firm’s 2017 notes into newer ones due 2021.

DBS has seen one departure each in its loans teams in Singapore and Hong Kong, according to sources.

After the European Commission blocked Hutchison 3G’s £10.25bn bid for O2, banks may push for different fee structures in future M&A deals, according to one senior loans banker.

Three banks have seen changes to their loan syndication teams in Asia following departures and internal moves.

CDH exited from Luye Pharma Group via a HK$717.96m ($92.51m) accelerated share sale on Wednesday, but the stock dropped well below the pricing level in the aftermarket.

It pains me to say it but there is a tendency among us bankers to take credit for victories and shift the blame for wrongdoing onto anyone else. It is of course a tricky art to perfect, as one of my friends recently discovered the hard way.

BOC Aviation is set to raise at least HK$8.7bn ($1.1bn) from its Hong Kong IPO, as it looks to kick off bookbuilding next Monday with a fixed price.

UBS has appointed Damien Brosnan and Peihao Huang to the newly created positions of co-heads of ECM solutions for Asia, effective from last Friday.

Standard Chartered’s Renminbi Globalisation Index (RGI) fell by 2.7% month-on-month in March to 2,151 from 2,210. The index is also down 1.1% year-on-year, posting the first yearly contraction since it started in 2010.