Northeast Asia
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Financial services company Far East Horizon has made its second visit to the equity-linked market, selling $250m of five year convertible bonds. -
Shandong Finance Investment Group Co sold its first dollar bond this week. Its $500m deal was heavily supported by a large syndicate team.
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Hong Kong property company New World Development Co sold a perpetual bond this week, raising $1.2bn to fund a tender offer for a fixed-for-life deal.
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Times China Holdings, Yango Group and Greenland Hong Kong Holdings, all of which are real estate developers, raised $840m between them from the bond market on Thursday, continuing a recent revival in issuance from the sector.
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Investment firm China Renaissance Holdings has closed its debut offshore borrowing of $300m.
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The Asia Pacific Loan Market Association, a trade body, has appointed Pedro Cheung as its new chairman.
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ING has appointed a new country manager for Hong Kong and China, succeeding veteran banker Aart Jan den Hartog, who is leaving the Dutch firm at the end of June.
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Crédit Agricole issued a callable Samurai bond this week that will reset to a spread over the local government bond curve, as the yen market transitions away from Libor ahead of its cessation later this year.
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Hong Kong was once renowned for its nightlife, but Covid-19 and its restrictions have killed the legendary carousing in SoHo and partying in the infamous establishments of Wan Chai.
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Kintor Pharmaceutical raised HK$1.17bn ($151m) on Wednesday from a top-up share placement, while a co-founder simultaneously trimmed his stake in the company.
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The Shanghai Stock Exchange scrapped a record 26 corporate ABS deal applications this week. They included Rmb18bn ($2.82bn) of deals from Ant Group’s two consumer lending units — seven months after the company’s landmark IPO was suspended. Addison Gong reports.
