Northeast Asia

Three Chinese corporate borrowers raised a combined $757m from the offshore bond market on Wednesday.

Citi has named Alex Schrantz as head of banking, capital markets and advisory (BCMA) for Hong Kong.

China Gas Holdings has kicked off a top-up share placement, eyeing up to HK$12.05bn ($1.55bn), according to terms seen by GlobalCapital Asia.

Chinese financial technology platform Futu Holdings has raised $1.24bn from a follow-on offering of its American depository shares (ADS). The issuer was able to navigate volatile markets thanks to support from a large global fund.

Kaisa Group Holdings paid a new issue concession of about 10bp for a $200m tap of one of its existing deals, appealing to investors amid recent pressure on Chinese bonds in the secondary market.

Taiwan Semiconductor Manufacturing Company (TSMC) rolled out a triple-tranche dollar deal on Tuesday, raising $3.5bn just a few months after sealing a similar transaction.

Natixis has made a handful of hires to its global markets team in Asia Pacific, to support its corporate and investment banking business in the region.

Goldman Sachs has picked a new co-head for its investment banking division in China, according to an internal memo.

China National Chemical Corp (ChemChina) is raising multiple bilateral loans worth about $3.85bn to refinance a deal maturing in early May, ditching syndication in favour of one-on-one agreements with banks. But while the cost benefits may be appealing, such an approach by borrowers is unlikely to be sustainable in the longer run. Pan Yue reports.

Korea Hydro & Nuclear Power, a subsidiary of Korea Electric Power Corp, has printed a $500m bond after getting five times the demand at the peak of bookbuilding.

The controlling shareholder of Anta Sports Products has offloaded some of its stake through a HK$11.57bn ($1.49bn) block trade, capitalising on recent gains in the sportswear company’s stock.

Food delivery giant Meituan has raised close to $10bn from an overnight sale of shares and convertible bonds, getting solid interest from investors and raising money to ramp up its investment into the technology part of its business.