Hong Kong SAR

The offshore renminbi (CNH) bond market saw a jump in action this week, with three issuers taking advantage of favourable issuing conditions to roll out deals. Addison Gong reports.

Hong Kong's CK Asset Holdings, previously known as Cheung Kong Property Holdings, marketed a dual tranche deal worth $600m on Wednesday.

The green dim sum bond market saw a small jump in action on Tuesday, with high yield issuer Zhenro Properties Group selling a short-dated deal and German development bank KfW reopening one of its existing notes.

Zylox-Tonbridge Medical Technology, a China-based medical device maker, is looking to raise up to HK$2.56bn ($329.9m) from a Hong Kong IPO.

A consortium led by Billion Development and Project Management, a Hong Kong-based property developer, is in talks with banks for a bridge loan to support its acquisition and reconstruction of an exhibition centre in the city.

SCE Intelligent Commercial Management has hit the road with its Hong Kong IPO. It is looking to raise up to HK$2.3bn ($296.2m).

HSBC is installing a pair of senior bankers to oversee its recently created capital financing and investment banking coverage (CFIBC) unit — Adam Bagshaw, who was hired from Deutsche Bank last year, and Matthew Ginsburg, who joins from Fitch Ratings.

Chinese teahouse chain Nayuki Holdings opened the doors for its up to HK$5.1bn ($656.1m) listing on Friday.

Private equity firm Blackstone Group is in talks with banks for a financing of about $1.6bn to back its long-planned acquisition of Hong Kong-listed property developer Soho China.

Biopharmaceutical company HutchMed (China) kicked off the roadshow for its HK$4.68bn ($602.7m) Hong Kong IPO on Friday, placing more than half of the shares in its third listing with cornerstone investors.

We always hope to influence our children for the best, but it’s amazing what they pick up.

Hong Kong-based Bank of China Group Investment is preparing to sell Rmb2.5bn ($391m) of Panda bonds, returning to the onshore market after more than a year.