Asia Pacific

The first batch of nine public infrastructure real estate investment trust (Reits) in China made their trading debuts on Monday to a strong showing from investors.

Red-chip Panda bond issuer China Everbright Limited has raised Rmb4bn ($620m) from the domestic market for refinancing.

Asia’s dollar bond market is set for another relatively muted week for deal flow as pressure on China’s real estate industry and the US Federal Reserve’s surprisingly hawkish tone recently slow issuance.

SCE Intelligent Commercial Management has hit the road with its Hong Kong IPO. It is looking to raise up to HK$2.3bn ($296.2m).

Barclays has hired a former JP Morgan veteran banker to lead its southeast Asia business.

In this round-up, the Chinese central bank leaves the benchmark lending rate stable for the 14th consecutive month in June, and the interbank bond regulator issues a warning to an onshore bank and accuses another of allegedly breaking underwriting rules.

HSBC is installing a pair of senior bankers to oversee its recently created capital financing and investment banking coverage (CFIBC) unit — Adam Bagshaw, who was hired from Deutsche Bank last year, and Matthew Ginsburg, who joins from Fitch Ratings.

A pair of globally systematically important banks (G-SIBs) made rare visits to niche bond markets to raise senior debt at a group level this week, including a Canadian dollar market that is enjoying its busiest year for offshore financials since 2007.

Chinese teahouse chain Nayuki Holdings opened the doors for its up to HK$5.1bn ($656.1m) listing on Friday.

Sino-Ocean Capital Holding has raised $500m from a two year bond. The deal was the company’s longest in the offshore market, but came with a weaker structure than its past outings.

Private equity firm Blackstone Group is in talks with banks for a financing of about $1.6bn to back its long-planned acquisition of Hong Kong-listed property developer Soho China.

Biopharmaceutical company HutchMed (China) kicked off the roadshow for its HK$4.68bn ($602.7m) Hong Kong IPO on Friday, placing more than half of the shares in its third listing with cornerstone investors.