News content

Hyundai Capital Services (HCS) launched an inaugural green offering on Monday, giving green bond investors a new name in Asia.

IDBI Bank is meeting investors on Monday for a potential additional tier one (AT1) trade in what could finally be the first offshore bank capital offering from India.

Hutchison China MediTech (Chi-Med), the drug-making arm of Hong Kong billionaire Li Ka-shing’s Hutchison Whampoa, has opened books for its $100m IPO on the Nasdaq.

The reduction in cross-border lending to China and increased capital outflows observed in 2015 might be more tied to a reduction in offshore RMB deposits than capital flight, according to the Bank for International Settlement (BIS).

Doosan Bobcat has put together a shortlist of firms to lead its IPO in South Korea, with the final bookrunning group expected to be announced on Tuesday.

Saka Energi Indonesia, the upstream oil and gas arm of state-owned Perusahaan Gas Negara, has signed its $600m loan, finding demand from seven lenders in syndication.

Four banks are favourites to win the mandate for a $500m borrowing by the Democratic Socialist Republic of Sri Lanka, which sent out a request for proposals for the loan in June last year.

Ranhill Holdings has finally sealed its IPO of MR386.78m ($93.76m) at the bottom of the range after delaying the pricing decision from Tuesday and dropping the secondary offering.

Jiayuan International Group raised HK$1.12bn ($144.16m) from its Hong Kong IPO after selling shares at the top of the marketing range, in a deal driven mainly by Chinese investors.

The People’s Bank of China (PBoC) has issued the most detailed outlook so far on what it sees as its foreign exchange policy going forward. Meanwhile, the stabilisation of the onshore RMB (CNY) rate against the dollar means that there is more optimism in the outlook for the currency.

In this round-up: Hong Kong cross-border trade settlement fell again at the start of the year, RMB deposits were steady in Hong Kong but falling in Singapore, Brics New Development Bank will set up in Shanghai, and PBoC said a swap line with Bank of Russia had been activated. Plus, a recap of our top stories this week.

Santander Consumer Finance added to a run of FIG Swiss franc issuance this week, printing just its second bond in the currency.