ICBC

Indonesian developer Grahamas Adisentosa is seeking a long-term borrowing of $1.458bn to fund the construction of a 111-storey building in Jakarta. The almost unprecedented size of the fundraising and an unusually long tenor have led to bankers debating who will come in for the deal, writes Shruti Chaturvedi.

Bank of America Merrill Lynch is moving back to a co-head structure for its Asia Pacific global corporate and investment banking unit, with Elif Bilgi Zapparoli promoted to the role, according to a memo seen by GlobalCapital Asia.

A former loans banker at HSBC has re-emerged in a senior role at Industrial and Commercial Bank of China (Asia).

Ronshine China Holdings has sealed Asia’s first IPO this year, pricing its HK$1.81bn ($233.5m) Hong Kong float at the bottom of guidance after a low turnout during bookbuilding.

ICBC Standard Bank has hired a well-known syndicate banker to run primary debt markets in EMEA, a new role at the bank.

Virscend Education Co launched the institutional bookbuild for its HK$2.19bn ($282.50m) Hong Kong IPO on Monday, even as the slump in Chinese shares triggered a market-wide trading halt and sent global equities tumbling.

YiChang HEC ChangJiang Pharmaceutical Co has priced its HK$1.67bn ($215.4m) IPO in the middle of the range, driven by price sensitive investors in the final book.

Industrial and Commercial Bank of China (ICBC) London has become the lender’s third branch to issue a dollar bond in just over a month. This is part of the issuer’s plans to ramp up its presence in the international debt market with bankers expecting more of its branches to join in.

YiChang HEC ChangJiang Pharmecutical Co has settled on a price range for its H-share float, with bookbuilding to kick off on December 14.

Industrial and Commercial Bank of China’s London branch started receiving bids for a three year bond on December 11, in what is the third dollar deal by a unit of the Chinese lender in just over a month.

In this round-up, RMB futures trading on international exchanges picked up in November, RMB clearing in Hong Kong picked up in the same month, ICBC is working on a Belt and Road financing venture, and Deutsche Bank helped a German corporate set up centralised RMB treasury functions in China. Plus, a recap of GlobalRMB’s top stories this week.

The Singapore Exchange is closing the year on a positive note thanks to BHG Retail Reit, which this week raised S$255.8m ($181m) from the country’s first and only mainboard IPO of the year.