Asia Pacific

Yeahka, a Chinese online payments platform, has launched its Hong Kong listing of up to HK$1.6bn ($212m).

Nasdaq's board is planning to delist Luckin Coffee’s shares, after the Chinese company revealed fabricated accounts in April.

China’s Dongxu Optoelectronic Technology Co was unable to fully repay a five year renminbi bond that matured on Tuesday, after failing to convince all the investors to back an extension plan. Its parent, technology conglomerate Tunghsu Group, has a dollar deal maturing next month.

JP Morgan has announced a restructuring of its equity capital markets team, after a solid start to 2020.

Toyota Motor Finance (China) Co is set to price a Rmb4.5bn ($633m) auto loan ABS next week, bringing to the market only its second deal in two and a half years. The 11-member underwriting group has eight foreign banks.

Singapore-based online gaming company Sea has launched a $1bn convertible bond, following a surge in its share price after reporting strong first quarter earnings.

Chinese local government financing vehicle (LGFV) Nanjing Jiangbei New Area Industrial Investment Group closed a club-style $300m bond on Monday.

Chinese investment banks have a clear edge over their global counterparts when it comes to winning more offshore bond mandates from the country in the post Covid-19 environment.

Singapore hard disk drive company MMI International has sent out extension requests to lenders on a $580m loan, as it struggles to make the outstanding payment on time.

The Asian Infrastructure Investment Bank has started roadshows for its maiden Panda outing ahead of its planned launch in early June, GlobalCapital China has learned from sources. Part of the proceeds from the Rmb5bn ($703m) deal will be used to fund an emergency Covid-19 relief loan to China.

Unlike many other banks, ANZ has had no need to draw on central bank emergency liquidity lines during the coronavirus pandemic. Its risk-weighted assets have grown but this has been offset by greater retail deposits. And, as head of funding Mostyn Kau revealed, what subordinated debt issuance it does have to do will be for regulatory reasons rather than to do with Covid-19 crisis funding.

One of China’s most powerful bond market regulators has issued a warning to Industrial Bank and Citic Securities, after the two banks accepted an underwriting fee the regulator said was “far below” market standards.