Asia Pacific

Standard Chartered posted stronger numbers for financial markets products last quarter than its peers, with the investment bank also reducing credit impairment levels.

China’s Hefei Guoxuan High-Tech Power Energy is back in the offshore loan market, seeking a smaller deal with a juicier price after cancelling its debut international borrowing last year.

Chinese government-related issuers Zhaojin Mining Industry Co and Yunnan Provincial Investment Holdings Group Co priced dollar bonds after what bankers said was smooth bookbuilding, defying fears that followed a recent default by a local government financing vehicle.

Futu Holdings, parent of Hong Kong-based Futu Securities International, has launched bookbuilding for its potential $130.8m Nasdaq IPO.

Far East Horizon and Asian Development Bank added a bit of life to the dim sum bond market in February, raising Rmb740m ($110.4m) between them. Bankers think looming maturities could give them more business this year.

ICBC Financial Leasing Co pulled off an ultra-tight spread on both tranches of a $1.5bn bond. The issuer built a mammoth order book with generous initial guidance but ultimately pushed investors inside fair value estimates.

China Everbright Water has refiled for a potential dual-listing on the main board of the Hong Kong Stock Exchange after its 2018 application expired.

Mainland regional lender Jinshang Bank and China’s in vitro product distributor IVD Medical are seeking the greenlight to float in Hong Kong.

Philippine oil company Petron Corp has returned to the offshore loan market after a two year absence, picking a bigger lead group that has allowed it to achieve much tighter pricing.

Blackstone, Gaw Capital Partners and Goldman Sachs are in the market seeking a HK$9.7bn ($1.2bn) five year loan to support their purchase of 12 shopping centres in Hong Kong from Link Real Estate Investment Trust.

When will the supply of Chinese property bonds end? Bankers detected hints of indigestion after a rush of deals last week, but that does not appear to have slowed down the mass of supply. Five more companies turned to dollar bond investors on Monday.

JP Morgan has boosted its Australia equity capital markets team with the appointment of Mark Bellofiore, a former Goldman Sachs banker, according to a source familiar with the matter.