Fubon Bank (China) has opened a branch in Beijing, becoming the first Taiwanese lender to have an outlet in the Chinese capital.
Abhishek Chandgothia, chief manager in the international syndications group at ICICI Bank, is leaving to join CTBC Bank. *
Hyundai Heavy Industries (HHI) and Hyundai Samho Heavy Industries (HSHI) are selling a US$191-$195m block of shares in Hyundai Motor Company.
China’s Orient Securities has raised HK$7.8bn (US$1bn) from a Hong Kong IPO, after pricing it in the lower half of an indicative price range, according to sources close to the deal.
Indonesian oil and gas company Pertamina has mandated seven banks for a five-year financing of up to US$1.5bn, which is slated for launch into general syndication in end-July.
African Development Bank made its first public visit to the Kangaroo market since January 2015 for today’s A$60m (US$44.4m) addition to its 4.5% June 2 2026 bonds to raise the issue size to A$215m.
PV Krishna has left as managing director and the ECM head at Goldman Sachs India, says a source aware of the matter.
Australia’s Vocus Communications has launched a A$652m (US$481m) equity raising, including a rights issue and a placement, according to a company statement.
Telekomunikasi Indonesia raised Rp3.3trn (US$250m) from a block trade of Treasury shares after increasing the number to 864m from 425m.
Rici Healthcare, a private medical services group in China, has decided not to launch its Hong Kong IPO of US$150m–$200m this week, according to sources close to the plans.
Top Stories from this week's IFR Asia magazine
Saturday 0800 Hong Kong / Friday 0000 London
The United Kingdom’s vote to leave the European Union sent a chill through Asian credit markets on Friday, with risk-averse investors piling into US Treasuries and ditching sterling.
Four Asian companies proceeded with IPOs of a combined US$2.8bn last week, with structures that gave them wide pricing discretions amid market uncertainty.
Companies looking to bypass China’s backlogged IPO pipeline through backdoor listings face new hurdles in light of draft regulations intended to clamp down on reverse takeovers.
China’s big four banks may struggle to meet an estimated capital requirement of US$1trn, the world’s largest shortfall in total loss-absorbing capacity, as this kind of paper will prove a tough sell for onshore investors.
Raghuram Rajan’s shock decision to step down as Reserve Bank of India governor threw the rupee bond market off balance last Monday, but local investors soon took the view that his reforms would endure and they quickly recovered their composure.
Bank of Jiangsu has started premarketing China’s largest domestic listing since the country resumed IPOs last November, in a sign that regulators may be loosening controls on the size of listings one year after the market’s collapse.
Preparations for Australia’s largest listing of the year are under way as poultry producer Inghams Enterprises has mandated six banks for its potential IPO of A$1.5bn (US$1.1bn).
China’s foreign-exchange watchdog says domestic companies can now convert offshore proceeds freely into local currency, a relaxation of restrictions that promises to transform offshore bond issuance.
After a challenging year for stock markets in China, GF Securities is back in the market for a loan of HK$3.5bn (US$451m), significantly bigger than its last borrowing.
Department store Sogo, the owner of a prime piece of real estate in Hong Kong, is wooing lenders for a refinancing loan of HK$8bn (US$1bn), which comes with rarity value and tight pricing amid a lack of deal flow in the city.
The Indian government is looking to trim its stakes in private companies through the launch of a new exchange traded fund, two years after first failing to set up such a vehicle.