Asia Pacific
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The Hong Kong Monetary Authority (HKMA) is looking for a new chief executive. Don’t expect it to look very far. -
China’s Guorui Properties priced a smaller-than-expected new bond ahead of a looming $250m maturity on March 1. But investors are still wary of another one of the company’s bonds: a $300m deal that becomes puttable in the same month.
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Zhejiang New Century Hotel Management has covered the books for its Hong Kong IPO after hitting the road with a deal that will be worth as much as HK$1.4bn ($178.8m).
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New Development Bank, the multilateral development bank, returned to the Panda bond market on Monday. It raised Rmb3bn ($446m) from a tightly-priced green bond.
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Chinese broker Up Fintech, best known for its platform Tiger Brokers, is planning a listing of American Depository Shares (ADS) on the Nasdaq. It wants to raise as much as $150m.
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Qinghai Provincial Investment Group has once again put state support for Chinese local government financing vehicles (LGFVs) under the microscope, after reportedly missing a coupon payment at the end of last week.
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In this round-up, US president Donald Trump extended the March 1 trade negotiation deadline, Bond Connect established an online information platform on the Chinese primary market and the Shanghai Stock Exchange finished soliciting public opinion on tech board rules
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Taishin Financial Leasing (China) is making its debut in the offshore loan market with an $80m borrowing helmed by Bank Sinopac.
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India’s largest telecommunications service provider Vodafone Idea has hired three banks to handle a rights issue that could raise up to Rp250bn ($3.5bn), according to a source close to the deal.
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Bank of Communication Financial Leasing has launched a $270m three year loan into general syndication, turning to onshore Chinese banks with stockpiles of dollars.
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Former Bank of China syndicate head Sebastian Ha has joined SPDB International as its head of fixed income.
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Property companies in Greater China raised more than $6bn from the bond market this week, sparking fears of indigestion.
