Asia Pacific

Chinese property developer Sinic Holdings (Group) Co launched a two year dollar bond on Thursday after receiving international credit ratings this week for the first time.

Thai Oil Public Co managed to raise $1bn from a dual-tranche bond by the ‘skin of its teeth’ on Thursday, tightening price guidance twice during bookbuilding to find the right groups of investors.

Shandong Weigao Group Medical Polymer Co is looking to spin off and list its orthopaedic business on Shanghai’s Nasdaq-style Star market.

Macau casino operator MGM China Holdings raked in $500m from bond investors on Thursday.

China’s Simcere Pharmaceutical Group is seeking the green light to float on Hong Kong’s stock exchange after filing a listing application with the bourse.

Hong Kong-listed Link Real Estate Investment Trust has raised a HK$1bn ($129m) sustainability-linked loan from OCBC Bank.

Chinese property developer Yanlord Land Group has returned to the loan market with a dual-tranche refinancing deal of up to $1bn.

Hong Kong’s IPO market is gearing up for a busy few weeks as companies push for listing approvals before the end of June, with bankers and investors remaining bullish on the city’s stocks. Jonathan Breen reports.

Jiangxiaobai is planning to list in Hong Kong this year, according to a source close to the deal.

Chinese online marketplace 58.com is seeking a $3bn loan for its take-private from the Nasdaq. The company is relying on Chinese banks to raise the money, but several told GlobalCapital Asia they were not interested. Pan Yue reports.

Chinese property companies continued to pile in to the dollar bond market on Wednesday, with Radiance Group Co and Powerlong Real Estate Holdings using up their remaining fundraising quotas.

Chinese e-commerce company JD.com is set to raise HK$30.1bn ($3.87bn) from its Hong Kong secondary listing, according to a source familiar with the matter.