News content

Yapı Kredi Bank has signed a $1.4bn loan with a syndicate of 48 banks. The loan has tranches with maturities of 367 days and 364 days.

Wasion Group Holdings, a maker of utility distribution devices, has raised HK$734.40m ($94.76m) in a top-up placement and sale of secondary stock, locking in gains from the rally that gripped Hong Kong’s stock market since last month.

Two Latin American countries at opposite ends of the rating spectrum could lift sovereign bond issuance volumes shortly. Chile and Honduras are understood to be monitoring markets.

Rob Ebert has been appointed Deutsche Bank’s head of equities for Asia Pacific, replacing Dixit Joshi who has taken up the position of global head of prime finance.

Hong Kong listed Fosun International is considering increasing the size of its $500m borrowing following strong demand in retail syndication.

Mizuho and the Lao People's Democratic Republic sovereign have received approval from the Thai Ministry of finance to issue bonds denominated in the Thai currency. The Japanese bank’s baht bond issue will be the first issue of a cross-border bond under the Asean+3 Multicurrency Bond Issuance Framework (AMBIF).

Far East Horizon has been at the centre of second sell down in less than a month, with KKR offloading shares via a HK$1.54bn ($199m) block trade on the evening of May 4. While orders were aplenty, they were small in size given the Hong Kong-listed stock’s recent run-up in value.

India's Rural Electrification Corp (REC) has extended the deadline for its $400m five year fundraising to give banks more time to process credit approvals. Banks are said to have asked for an extension well in advance of the original deadline.

Huadian Fuxin Energy Corporation is seeking shareholder approval to issue up to Rmb16bn ($2.63bn) of onshore and offshore debt financing instruments, the clean energy company announced on May 4.

China’s investment banks have leapt up the rankings in Asia ex-Japan’s equity capital market, even as some rivals beat a hasty retreat from the region. Their willingness to be cut-throat on fees and a higher risk tolerance have allowed them to thrive in Asia’s ultra-competitive ECM landscape.

Interest rate derivative trade counts reported to swap data repositories last week increased by 27%, marking the second week in a row of expansion versus the same week in 2014, according to data from the International Swaps and Derivatives Association.

As part of its business expansion into the Americas, the trade repository UnaVista has hired a regulatory, risk and compliance veteran for the firm’s US expansion efforts.