News content

South Korea’s Nonghyup Bank has mandated four banks to work on its upcoming international bond offering, which could come in the second week of June.

State owned China Energy Reserve and Chemicals Group opened books for a tap to a debut bond, which since its sale on May 5, has tightened by almost 60bp. The issuer is taking advantage of the strong secondary demand to raise additional funding.

Mirae Asset Life Insurance is conducting investor education for its IPO to raise $300m-$400m, as the Korean firm tries for a third time to list following several stalled attempts.

Indian property developer DLF is moving a step closer towards setting up the country’s first real estate investment trust (Reit), with plans to file a preliminary prospectus with the regulator within this fiscal year.

Goldman Sachs has announced plans to arrange a target $1bn worth of renewable energy bonds over the next few years via a new trust in order to grow clean energy development in Japan

Daniel Hahn, an associate at Bank of America Merrill Lynch’s DCM syndicate desk in Asia, has left the bank, according to sources close to the move.

Société Générale hopes to save funding cost by turning to the offshore renminbi (CNH) bond market to shore up its Basel III tier two capital adequacy ratio, opening books for a 10 year non call five year trade on May 26.

Hong Kong-listed Citic Securities Co has received the go-ahead from the Chinese regulator to sell 1.5bn shares via an H-share placement that could fetch proceeds of up to HK$50.93bn ($6.57bn).

Mexican power company Comisión Federal de Electricidad (CFE) will begin meetings with bond investors on Wednesday as investors grow used to the organisation’s changing role.

Singapore’s MMI, which designs and makes high-precision electromechanical components, has started testing investor appetite for its IPO of around $250m. This will be the second time the company has floated on the city state’s exchange.

Photovoltaic glass manufacturer Xinyi Solar is seeking a tightly priced HK$2bn ($258m) loan with one mandated lead arranger and bookrunner. The fundraising is set to test appetite both for the sector as well and pricing for mid-cap names.

A ground-breaking and long-awaited mutual fund recognition scheme between China and Hong Kong is set to launch on July 1, with an overall quota of Rmb600bn ($48.4bn) split equally between the two channels.