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China took a huge step forward in liberalising its capital markets this week, announcing that Bank of China Hong Kong (BOCHK) and HSBC have been given approvals to become the first foreign banks to issue Panda bonds. While observers are excited by what could lead to a slew of issuance, questions are being asked about the future of dim sum bonds, writes Rev Hui.

South Korean budget carrier Jeju Airlines has announced the terms for its upcoming IPO in October, with the company looking to raise a maximum of W154bn ($130m).

Investors could have their first chance in two months to buy tier two debt from a periphery bank as early as Friday, after Banca Popolare di Vicenza hired leads for a 10 year non-call five.

The Reserve Bank of India has proposed a new framework that eases rules for borrowers raising external debt, five months after the government released a report that recommended overhauling and liberalising the existing system.

Coal miner Adaro Energy Indonesia has initiated talks with its relationship banks for a loan to refinance existing debt, with a request for proposals expected soon.

Fosun Industrial, an entity owned by Chinese conglomerate Fosun, has hit the offshore syndicated loan market for a $700m three year borrowing.

Mizuho’s acquisition of Royal Bank of Scotland’s US investment banking assets and personnel has not only hauled it up the league tables, but could mould the future of its European operations, writes David Rothnie.

Avangard, Ukraine’s largest egg producer, has appointed a Swiss bank as sole solicitation agent for its planned Eurobond restructuring.

A surge of contingent convertible debt issuance from Chinese banks in 2015 has failed to prevent volumes falling, with European banks put off the market for large portions of this year, according to Moody’s.

Indonesian oil and gas conglomerate Pertamina has picked three banks for a potential bond and is set to hit the road to meet investors.

In this round-up, the visit to China by UK chancellor George Osborne generates raft of new announcements including plans for Shanghai-London Stock Connect, landmark bond issues, an extension to the RMB-GBP swap line and many, many more; PBoC relaxes requirements for cash pooling scheme.

The International Swaps and Derivatives Association ruled on Wednesday that Ukraine has not triggered a repudiation/moratorium credit event following the country’s recent decision to freeze payments on debt.