Northeast Asia

The Republic of Korea is set to be the first Asian sovereign to sell bonds in the New Year, marketing a dollar-denominated 10 year on Thursday morning.

Sumitomo Mitsui Financial Group (SMFG) was looking to sell a five year bond from its holding company on Wednesday, remaining the only Japanese ‘mega bank’ to look to euros for its total loss-absorbing capacity (TLAC) requirements.

South Korea is expecting a strong flow of IPOs in the first half of 2017 as a choppy end to last year delayed many companies from launching deals. But there is some concern among ECM bankers that a burst of listings could clog up the market.

The names of banks that subscribed to China Universal Leasing's Rmb2.03bn ($293m) fundraising is out. The company signed the loan on January 6 and the first draw down is expected to happen as early as Friday.

The rising tide of capital outflows from China has left experts debating Beijing's best course of action. While there are a number of options, none are likely to generate long-term confidence in the renminbi.

New World Development Company, via its wholly-owned subsidiary New World China Land, sold a $600m 10 year bond on Tuesday, the first time it had opted for such a long tenor, according to bankers.

Citi has made two new appointments in its research division, including a senior hire from Jefferies, according to a memo seen by GlobalCapital Asia.

A group of seven lenders opened a $600m loan for State Bank of India to retail participation this week, with three tickets up for grabs.

India’s Adani Ports and Special Economic Zone and China’s Taikang Insurance Group are drawing investors’ attention to their respective dollar offerings on Wednesday.

Wisdom Education International Holdings Co is set to start taking orders for its Hong Kong IPO on Thursday and is eyeing up to $150m, according to a banker close to the transaction.

New Silkroad Culturaltainment has wrapped up a HK$1.5bn ($193.4m) open offer, with orders barely covering over a third of the transaction, according to a filing with the Hong Kong Stock Exchange on Monday.

Standard Chartered has appointed a new head of bond syndicate for Asia, a spokesperson at the bank told GlobalCapital Asia on Tuesday.