Asia Pacific

AMTD Group Company priced its second international bond on Thursday, also the only senior perpetual transaction from an unlisted, unrated Hong Kong-based borrower. The lack of suitable comparables posed a challenge, with the issuer deciding to leave some money on the table to support the aftermarket performance.

AL Learning, an education company backed by private equity firm Advent International, has approached banks for a S$178m ($128.8m) loan through three mandated lead arrangers and bookrunners.

Piramal Enterprises has mandated Citi, Kotak Mahindra Capital and Morgan Stanley to help it raise Rp50bn ($778m) via a qualified institutional placement, sources said.

HNA Group company Hainan Airlines Holding Co will meet investors in Hong Kong next week for an unrated senior bond denominated in dollars

Xinyi Solar Holdings raised HK$1.5bn ($194.5m) from a rights offering after investors flooded into the deal, the company said.

A shareholder in Johnson Electric Holdings sold down its stake for HK$800m ($103m) on Thursday, in a deal buoyed by a surge in demand from long-only funds that surprised even the lead.

China Evergrande Group is readying investors for an exchange and new money offering, as the property company looks to deleverage.

China Traditional Chinese Medicine Holdings is returning to the Panda bond market for Rmb2bn ($294.2m) three year notes, according to documents filed with Shanghai Clearing House.

A $280m refinancing for Kingsbridge, the holding company of cable TV service provider Asia Broadcast Satellite (ABS), has been allocated among 14 lenders.

Suomen Hypoteekkiyhdistys (Hypo) and Bank of New Zealand have announced marketing programmes ahead of expected covered bond deals.

Global investors scrambled for paper in India’s largest qualified institutional placement (QIP) this week as State Bank of India raised Rp150bn ($2.3bn) amid strong appetite for the country’s stocks. Its success heralds a bumper year for FIG equity raisings, with more big trades already shaping up, writes John Loh.

France’s GDF International exited its holdings in India’s Petronet LNG via an accelerated bookbuild on Thursday that priced near the bottom of expectations to raise Rp31.6bn ($491.4m).