Asia Pacific

The arrival of Typhoon Hato in Hong Kong on Wednesday suspended equity trading in the city, but the impact on the offshore RMB market was limited.

The Hong Kong Stock Exchange (HKEX) has closed yet another consultation on dual-class shares, the latest effort to ensure the city has a place on the global stage for technology IPOs. But vehement opposition to the proposal from the institutional investor community means it must go back to the drawing board.

HPC Holdings is seeking approval for a Hong Kong IPO, having filed a draft prospectus with the city’s exchange on Tuesday.

The debt capital markets in Asia remained quiet on Wednesday, as typhoon Hato hit Hong Kong, cancelling stock trading in the morning. A single Chinese firm, Muyuan Foods Co, announced its plan to go offshore for funding in the morning.

The Monetary Board of the Central Bank of Sri Lanka has suspended the primary dealer status of Pan Asia Banking Corp (PABC) for six months.

Public sector borrowers are mainly keeping to the short end of the dollar curve this week, but at least one top tier issuer is understood to be considering a 10 year dollar benchmark in the next few weeks.

China State Construction International Holdings is going to its shareholders to raise HK$6.4bn ($812.2m) from a rights issue.

Singapore Exchange (SGX) on Monday unveiled MSCI Singapore Net Total Return Index futures, denominated in US dollars.

Hisense (Hong Kong) Co, a unit of electronic goods maker Hisense Co, has rolled out its maiden offshore syndicated loan with two mandated lead arrangers and bookrunners.

Hyundai Capital Services shook off North Korea-related worries to hit the bond market at the start of the week, managing to reach its goal of $900m across two tranches.

Black Peony (Group) Co is eyeing the international debt capital markets, having just received approval from its board to issue as much as $100m of foreign currency bonds.

Aier Eye Hospital has raised €174m ($205m) from seven banks, helping fund its acquisition of Spanish company Clinica Baviera.