leasing

The club-style deal raises $276 million and is the first block trade to be completed in Asia this year.

The deal comes on the back of a 116% rally in its Taiwan-listed stock in the nine months since the IPO.

China's biggest auto rental company was seeking to raise up to $137.5 million from a listing on Nasdaq, but fails to attract sufficient demand from investors.

The Chinese lender beats a number of other financial sector issuers expected out of China this year. Also in the market yesterday was Far East Horizon, which sold $371 million of new shares.

Airline losses can mean gains for aircraft lessors as airlines seek to shore-up balance sheets.

Financial One attracts a small number of mainly specialist investors to its $168.75 million IPO, including UOB Asset Management as a cornerstone investor.

The Singapore aircraft leasing company is set to issue S$200 million in five and seven-year bonds.