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  • VRL Logistics’ Rp4.68bn ($75.20m) IPO in India has met with an enthusiastic response, after anchor investors signed up for their full 30% allocation at the maximum price and covered $22.56m of the book.
  • Indonesia’s Bumi Serpong Damai (BSD) has kicked off a roadshow on the week of April 13 ahead of its first outing to the offshore debt market with a five year dollar bond.
  • Three accelerated bookbuilds on Monday and another on Tuesday show that sellers are keen to return to market, even in a patchy market environment.
  • The corporate bond market is in good shape and putting the pre-Easter indigestion behind it, allowing issuers to accomplish varying aims with a range of transactions.
  • BNP Paribas Securities Services has been mandated by China Universal Asset Management Hong Kong (CUAMHK) to provide custody and fund administration for its debut RQFII Ucits fund.
  • Haitong International Securities has signed its latest loan at an increased size of HK$6bn ($774m), driven by strong demand from Taiwanese, Hong Kong and Korean banks.
  • BlackRock’s iShares division this week launched its MSCI China A Ucits ETF in London, using the Rmb2.1bn ($338m) RMB qualified foreign institutional investors (RQFII) quota the firm got in August 2014. The product, which joins the growing ranks of exchange traded funds (ETFs) based on Chinese securities, will be a further test of international appetite for the China story.
  • India’s Ashoka Buildcon raised Rp5bn ($80m) in fresh equity via a qualified institutional placement on Wednesday, which saw long only investors showing up in droves for the trade.
  • Chinese broker Haitong Securities took advantage of the recent lack of new issuance to print a dollar-denominated bond that not only saw it raise a chunky $670m but also cut its borrowing costs by 90bp.
  • South Korea’s SK Lubricants has revived plans for its listing almost three years after it first floated the idea, with a source saying that an IPO of as much as W900bn ($822m) is expected to hit investors’ screen this year.
  • Shanghai Haohai Biological Technology has put into action its plans for a listing on the Hong Kong Stock Exchange, opening books for a HK$2.36bn ($304m) IPO on April 15.
  • Formosa Plastics Group has priced a $1bn 10 year dollar bond, wrapping up a stylish return to the dollar bond market. The deal saw solid demand as investors didn’t want to miss a rare opportunity to get their hands on a Taiwanese credit.