Christophe Cretot has been promoted to head of debt origination and advisory for Asia at Credit Agricole. He was previously deputy head, having joined the bank in 2003.
(Reuters) Mizuho Financial Group has picked Tatsufumi Sakai, the head of its brokerage unit, as its next chief executive officer.
Andrew Pang has resurfaced at Deutsche Bank, joining the loan origination team as a director.
Private equity firm TPG Capital has hired a senior investment banker from JP Morgan as it looks to ramp up deal activity this year in Australia.
Standard Chartered has sold its 15% stake in Asia Commercial Bank, brining to an end its 12-year partnership with the Vietnamese bank.
India’s Tata Steel has selected banks as leads for its plan to raise loans and issue bonds.
Two units of Telekomunikasi Indonesia (Telkom) are seeking separate loans totalling up to US$1bn-equivalent. The pair are following in the footsteps of the parent, which is also seeking a debut euro financing and a rupiah borrowing.
Top Glove is seeking a US$310m dual-tranche loan to fund the acquisition of a surgical glove maker, according to sources and a company stock exchange filing.
Tasmanian Public Finance Corp, rated Aa2/AA+ (Moody’s/S&P), has completed the first syndicated semi-government issue of 2018 with a A$400m (US$238m) 10-year bond via joint lead managers ANZ, CBA and Deutsche Bank.
Australian lithium chemicals producer Orocobre has announced plans to raise A$361m (US$288m) from a A$79m entitlement offer and A$282m from a strategic placement.
Top Stories from this week's IFR Asia magazine
Friday 1600 Hong Kong / Friday 0900 London
Forcing Indian bond issuers to use electronic bookbuilding may seem like putting the cart before the horse. Done properly, however, it could transform the rupee debt market into one of Asia’s most vibrant local currency markets.
Singapore’s cap on rebates to private banks is the latest bold step to tackle conflicts of interest in its local capital markets. The next step is to improve accountability when things go wrong.
Hong Kong’s decision to allow dual-class share listings is paying off even before the rules are introduced, with a growing number of Chinese technology companies already seriously looking at IPOs in the city.
Chinese internet giant Tencent Holdings printed its largest offshore bond to date, raising US$5bn in four tranches as hot demand from US investors, due in part to the effects of US tax reform, helped it reprice its curve.
Investors have snapped up Asia’s first three perpetual bonds of the year, showing their continuing support for undated US dollar securities, despite rising US Treasury yields.
New rules to bring more Indian bond offerings online will increase transparency, but threaten the role of intermediaries, according to market participants.
Australia’s four major banks have locked in almost US$10bn of wholesale funding at tight spreads in the first two weeks of 2018, even though their borrowing requirements are declining.
National Australia Bank is marketing a securitisation of Australian mortgages that will include the first Green RMBS tranche in Asia Pacific, adding to the growing market for environmentally friendly securities Down Under.
Seven Chinese property developers last week sold a combined US$3.375bn of US dollar bonds, raising expectations for another year of heavy supply from the sector.
An unusual disclosure on the first Singapore dollar bond issue of the year has raised concerns over underwriters’ support for the deals they bring to market.
Debt-laden HNA Group is in exclusive talks with Hong Kong developer Sun Hung Kai Properties for a loan to help refinance maturing liabilities and develop plots of land in Hong Kong acquired recently.
IL&FS Transportation Network has sold the first high-yield Dim Sum bonds in 16 months, providing more evidence that the offshore renminbi bond market is gaining momentum.
State-owned Telekomunikasi Indonesia has approached banks for its first euro-denominated loan, in a rare example of an Asian borrower tapping the single currency.