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The Asian investment arm of French luxury firm LVMH is in the market for a $130m leveraged buyout loan. This is one of the region's few deals to test appetite for credits where the underlying target is in the fashion industry. Shruti Chaturvedi reports.

Asia’s debt capital markets show no sign of slowing down as the year end approaches, with recent deals proving that investors still have plenty of cash to deploy. Market participants expect at least one more high-profile deal to close in what is poised to be a record December, writes Rev Hui.

BoC Aviation has increased its latest borrowing to $500m after banks from across Asia poured into the transaction.

Philippine property developer DM Wenceslao and Associates, which was expected to open books for its IPO of around Ps10.73bn ($227m) this week, has pulled the plug on the transaction until next year.

As I sit here nursing the pot belly I built up through marathon drinking sessions to impress clients over the years, I can’t help but feel some Schadenfreude about the hoops bankers have to jump through these days to win business.

State-owned Indian companies National Thermal Power Corp (NTPC) and Hindustan Petroleum Corp (HPCL), both regulars in the syndicated loan market, have sent out new requests for proposals.

A $1.5bn refinancing for Tata Steel has finally been opened into syndication, with invitations going out to a limited number of banks on Thursday. The company’s Singaporean subsidiary is raising the loan, which offers lenders an added incentive if they book the deal in the country.

The Province of British Columbia (BC) has mandated Bank of China and HSBC as joint leads for its debut Panda bond, Mike de Jong, BC’s Minister of Finance, told GlobalRMB. The deal is expected to launch in January and will be the first Panda from a sovereign credit.

Financial sanctions on Russian entities and other international political tensions have slowed syndicated lending to emerging markets in 2015 and the market remains wary of the outlook for 2016, according to a Loan Market Association poll.

Eqypt’s Banque Misr is finalising a $250m three year loan and will sign on Sunday, according to a banker close to the deal.

South Africa’s FirstRand Bank will sign its $225m loan next week, according to a banker close to the deal.

Moody’s launched a public consultation this week as it seeks feedback over its proposed rating methodology for Chinese residential mortgage-backed securities (RMBS).