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Akbank AG, the Frankfurt based subsidiary of Turkey’s Akbank, has launched a refinancing of the $150m-equivalent one year trade finance loan it signed in 2014.

Index provider FTSE Russell said on May 26 it would allocate a 5% weighting to Chinese A-shares in two new FTSE Emerging Markets indices, with a plan to progressively increase the share to as much as 32%.

Warburg Pincus, which first invested in Hong Kong-listed Car Inc in 2012, pared down its ownership through a HK$3.11bn ($401m) block on May 27, which was priced at the middle of guidance as the seller took a strategic stance on secondary performance.

China is gearing up to open yet another door to its capital markets, giving the nod for cross-border sale of funds between the world’s second-largest economy and Hong Kong. The move comes amid an unabated rally in both stock markets since April, with bankers expecting the latest announcement to only add more impetus.

Garuda Indonesia made its very first appearance in the offshore bond market with a dollar offering in sukuk. Despite the lack of rating and government guarantee the state-owned entity attracted investors with a huge yield pick-up over the sovereign’s sukuk.

Asia’s first perpetual convertible bond issue in five years gave the market something to talk about when Shui On Land sold a novel $225m 7.5% deal last week. The success of the print, coupled with the shortage of new offerings, could see more perpetual CBs follow suit, writes John Loh.

The Philippines’ largest bank — BDO Unibank — is in the market to raise $350m in a deal led by half a dozen mandated lead arrangers and bookrunners. The bank is the latest among a string of financial institutions out of the country to go offshore for dollars. Bankers expect more activity of this kind, as Philippine lenders look to fund their fast growing economy.

HTSC pulled in a staggering $60bn of gross demand for its HK$34.72bn ($4.48bn) IPO in Hong Kong, giving the Chinese brokerage and securities house claim over the world’s second largest listing so far this year.

Chinese department store operator Golden Eagle International Trading is likely to increase the size of its latest borrowing for a second time to $700m. General syndication, which was launched in early April, coincided with a rating downgrade of parent Golden Eagle Retail Group by Fitch, but an attractive yield amid fewer deals helped see the financing through, said bankers.

Dongfeng Peugeot Citroën Auto Finance Co is tapping the onshore China loan market for an Rmb800m ($129.5m) loan. The financing, which is currently in general syndication, has two foreign banks at the top.

Bank of Sharjah is still conversing with its lead managers after finishing a roadshow on Tuesday, leaving next week as the earliest window for its debut issue.

Dubai Islamic Bank ended up printing a larger than initially intended senior unsecured sukuk on Wednesday without compromising on spread, said bankers on the deal.