Taiwan

Yihai International Holding has narrowed the price guidance on its up to HK$889.2m ($114.6m) Hong Kong IPO to the upper half of the marketing range, said a source close to the transaction.

The Taiwan Stock Exchange Corp (TWSE) and Bursa Malaysia have signed a memorandum of understanding to explore capital market opportunities and expand cross border co-operation.

Doha Bank has fully exercised an $80m greenshoe option on its Taiwan targeted syndicated loan, increasing its size to $180m.

Taiwanese green technology firm Giga Solar Materials Corp wrapped up its debut dollar convertible bond this week, raising $110m on Tuesday. For its first visit to the equity linked market in nearly two years, the low profile issuer had to provide a 100% asset swap to entice investors, writes Jonathan Breen.

CIMB has made 16 people redundant in investment banking and equities, the second time the Malaysian lender has cut regional jobs this year amid a slump in deal flow.

Taiwanese green technology firm Giga Solar Materials Corp raised $110m on Tuesday with its debut dollar convertible bond, its first visit to the equity-linked market in nearly two years.

Recent allegations against Nomura about a syndicated loan that went bad has re-opened the debate on investment banks’ practice of minimal or zero holds versus commercial banks’ take-and-hold strategy. And the legal action initiated by Taiwanese banks shows there is a need for more transparency — even in secondary sell-downs.

Taiwan’s Giga Solar Materials has launched a $100m convertible bond with an option to increase the size by up to $25m.

Turk Eximbank has invited banks to participate in a €300m ($337m) equivalent loan. It has split the borrowing into a one year and a two year tranche.

According to the statement emailed by Cathay Financial Holdings to GlobalCapital Asia, the Ultrasonic loan was signed among Nomura and the participants in August 2014. A month later, the CEO of the company Qingyong Wu went missing after which the company defaulted on its obligations.

Legal action launched by six Taiwanese lenders against Nomura for a syndicated loan that went into default, has unearthed simmering conflicts in the tightly knit Asian syndicated loan community. The fallout will have ramifications for Nomura and the wider loan market, writes Shruti Chaturvedi.

The Taiwan Futures Exchange (Taifex) is set to launch the first exchange-traded options on RMB rates this month, the exchange told GlobalRMB. Taifex is also seeking regulatory approval to launch more A-shares index futures.