Asia Pacific
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Philippine company SMC Global Power Holdings Corp returned to the dollar bond market for the first time this year on Wednesday, meeting strong-enough demand to boost the size of its deal and offer just a small premium. -
CréditAg taps Nichani for acquisition finance — UBS hires for ECM from CMBI — SGX picks Goldman banker — CréditAg names sustainable banking head — Deutsche adds to coverage teams — Poon leads ING’s HK and China business — New APLMA chairman
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Angelalign Technology, a Chinese dental care company, hit the market on Thursday with an IPO of up to HK$2.91bn ($375.3m).
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South Korea's Shinhan Card has sold a $300m social bond in the Taiwanese market, finding strong interest from investors keen to support deals in this growing asset class.
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E-House (China) Enterprise Holdings tapped its 7.6% 2023 bonds for an additional $100m on Wednesday, bringing the total deal size to $300m.
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An unnamed shareholder has raised HK$2.65bn ($341m) from a sale of shares in Evergrande Property Services Group, sending the stock into a downward spiral on Wednesday.
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Aluminium producer China Hongqiao Group has raised $500m from a bond that appealed to investors for its ‘surprisingly generous’ premium on offer.
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Medical device maker MicroPort Scientific Corp has made its first visit to the equity-linked market, raising $700m from convertible bonds. A recent rally in the Hong Kong-listed issuer's share price meant it had to assuage price-sensitive investors, but still ended up seeing strong support for its deal.
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Zhenro Properties Group visited the offshore bond market for the fourth time in 2021 this week, adding another $340m to its coffers.
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China State Construction International Holdings (CSCI) sold a subordinated perpetual bond worth $500m this week.
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UBS has hired a new co-head of equity capital markets for Asia, with Zili Guo returning to the bank after five years.
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The Hong Kong IPO market saw a scorching start to the year, with a record amount raised on the exchange. But as signs of pressure begin to show, a breather is much needed.
