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Municipality Finance on Friday launched its first new Kangaroo bond in over a year, as International Finance Corporation came alongside with a mandate for a long five year deal in the format.

Electronic components distributor World Peace Group has picked a quartet of banks to lead its latest borrowing of NT$6bn ($195m).

China's State Council said on July 24 that it was planning to expand the FX trading band for the renminbi in a move that it placed among various measures to promote exports and support growth. It would be the fourth such adjustment since the RMB’s depegging from the dollar in 2005.

In this round-up, Singapore's RMB business continues to grow, China RMB cross border trade settlement jumped 25% in June, Taiwan's RMB deposits inch up in June, the Stock Connect's northbound quota is replenished by the A-share sell-off in July, and Malaysia settled 1.9% of its trade with China in RMB in the first month of launching a clearing bank.

Trading in Central China Securities Co remained suspended for a second day as bookbuilding for its HK$2.53bn ($327m) accelerated block trade, launched on July 23, went on longer than expected.

Beijing Capital Juda priced its first bond, raising Rmb 1.3bn ($209m) from oversubscribed three year deal that saw investors eager to gobble up a dim sum trade.

The Republic of Indonesia printed its second ever bond in euros on July 23 as it continues to expand its funding sources in a bid to diversify away from dollars. While the sovereign made a conscious decision to pay up to achieve its aim, market participants are split whether the cost of diversification was worth it.

Two Chinese issuers in the commodities sector – China Oilfield Services (COSL) and China Minmetals Corp – launched bookbuilding for dollar bonds on July 23. But there was little concern about the competition as the borrowers only looking to raise $1bn each and bankers were confident about the amount of liquidity in the market.

The first Singaporean real estate investment trust (Reit) to tap the equity market since Manulife US Reit pulled its S$569m ($426m) IPO this month was welcomed by investors with open arms, as Frasers Commercial Trust priced its block trade at the top.

Indonesian vehicle financing firm BFI Finance has wound up its three year loan at an increased size of $105m after 18 banks piled in. The deal was launched at $75m on May 11 and originally included a greenshoe that could take it up to $100m.

Multiple listings of ETFs could become a smart strategy for firms looking to attract a broader investor base for products sold under the renminbi qualified foreign institutional investors (RQFII) scheme. An RQFII ETF that was first listed in London was recently taken to Euronext Paris via Euroclear Bank, and Euroclear reckons the move is paving the way for others to exploit RMB alternatives.

A positive outcome to this year's review by the International Monetary Fund (IMF) of the potential inclusion of the renminbi into its Special Drawing Rights (SDR) facility could give a boost to interest in the currency from sovereigns, supranationals and agencies (SSAs), say market participants. Meanwhile, the IMF review is progressing, with the multilateral busy gathering data on trading flows.