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In the past week, two Chinese officials have publically acknowledged the possibility of a tax on foreign exchange (FX) transaction to curb capital outflows. Although details on the initiative still scant, views are diverging about whether it is a good measure against foreign speculators or will end up back firing.

The head of equity-linked bonds at Bank of America Merrill Lynch has resigned from the firm.

Infibeam is set to be the first e-commerce company to list in India with a deal that could raise Rp4.5bn ($67.9m), but investors have given it a tepid response since books opened on Monday.

The Republic of Indonesia hit the market on Monday as it seeks to tie up a five year and a 10 year wakala — the first time the southeast Asian country has attempted a sukuk offering in two tranches.

Azerbaijan's Southern Gas Corridor Company printed its $1bn 10 year bond on Thursday 80bp back of the sovereign curve, benefiting from an explicit state guarantee.

Indian cancer care company HealthCare Global Enterprises had seen a slow response to its Rp6.5bn ($97.5m) IPO heading towards the end of bookbuilding on Friday with only 84% of the deal subscribed.

TCC Group subsidiary Berli Jucker Public Co has signed up nine lenders for a €3.2bn ($3.5bn) portion of a larger loan to support its acquisition of retailer Big C Supercenter.

Hutchison China MediTech (Chi-Med) has pocketed $101.25m from its Nasdaq IPO, debuting on the exchange on Thursday. But it had a lukewarm start, dropping 0.74% at the end of its first trading day.

South Korea’s Shinhan Bank made a strong impression on bank capital investors this week, pricing a 10 year bullet tier two. Some of the credit for the transaction’s success goes to the fundamental strength of the issuer and the investor-friendly structure of the bond, but market participants say Shinhan’s willingness to pay up also deserves kudos.

Chinese e-commerce group Alibaba is understood to have seen a good turnout for a roadshow held on Thursday for its $3bn syndicated loan. Bankers reckon the pricing and the potential use of proceeds contributed to the appeal.

Thailand’s TMB Bank is set to return to the dollar bond market for the first time in 10 years, having mandated three lenders for a roadshow next week.

In this round-up, China's cross-border trade settlement fell to a near three-year low in February, CME reports record levels of trading in its offshore RMB futures, RMB spot trading fell but swap trading surged on the Moscow Exchange, Singapore renewed its currency swap line, and Deutsche Bank sets up a the first interbank host-to host platform by a foreign bank in China. Plus, a recap of GlobalRMB's top stories this week.