Northeast Asia

Zhejiang Geely Holding Group Co used a standby letter of credit from Bank of China's Singapore branch to price its $400m bond inside fair value.

Tuya's shares soared nearly 20% on their debut in the US on Thursday, after the internet-of-things cloud platform provider raised $915.4m by pricing its IPO above the marketed range.

China Development Bank has priced an internationally certified Rmb20bn ($3.1bn) carbon neutrality-themed green bond well inside its secondary curve, giving the nascent asset class a further boost.

Bairong, a financial technology firm, has covered its HK$3.94bn ($507m) IPO, following strong demand from institutional investors on the first day of bookbuilding.

Bank of America has made some top level changes to its South Korea business, according to internal memos seen by GlobalCapital Asia on Friday.

A HK$5.5bn ($708m)-equivalent loan to partly refinance debt taken for investment manager Permira’s leveraged buyout of Tricor Holdings is now open to existing lenders in syndication.

German state-owned development bank Kreditanstalt fuer Wiederaufbau (KfW) made a rare public green outing in the offshore renminbi market this week, raising Rmb1.25bn ($192m) from a deal that saw strong participation from green and ESG investors.

Crédit Agricole has sealed its third senior preferred Panda bond in the China market on a particularly challenging day that caused eight domestic deals to be postponed, amid lingering default concerns and rising government bond yields. Addison Gong reports.

The Hong Kong Stock Exchange has had a stellar week, hosting two secondary listings worth about $6bn in total in quick succession. The latest out of the gate is Chinese video sharing and gaming platform Bilibili, which kicked off a potential $3bn float within hours of internet giant Baidu wrapping up its multi-billion-dollar deal. Jonathan Breen reports.

A wise investor once told me: when your taxi driver is recommending a stock, it’s time to sell. The idea is that once retail investors have spotted a big opportunity, it has already evaporated. What about when they’re playing it on the car radio?

Two Chinese companies sold dollar bonds on Wednesday as the rest of the market hit pause to await the outcome of the Federal Open Market Committee meeting.

Local government financing vehicle Beijing Public Housing Center raised $300m from a five year bond on Tuesday that was priced inside some fair value estimates thanks to the borrower’s strong track record.