Asia Pacific

Shimao Property Holdings managed to raise a sizeable $570m from its bond return on Monday, using up the last of its annual fundraising quota. But to get to the chunky size at this time of the year, the Chinese company had to offer investors a generous premium.

Nicholas Chia has left OCBC to join CLSA as the Citic Securities-owned brokerage looks to build out its southeast Asia equity capital markets franchise.

In part two of our results announcements, we reveal the winning equity deals and banks, including the Best Follow-on/Accelerated Bookbuild, Best Equity-Linked Deal, Best IPO, Best ECM Deal and Best ECM House.

The Hong Kong Stock Exchange and its counterparts in Shanghai and Shenzhen reached a consensus to include companies with dual-class shares on the southbound trading of Stock Connect.

Xinyi Energy Group is looking to make its debut on the Hong Kong Stock Exchange at the end of next week, as it seeks up to HK$4.5bn ($582.3m) from its IPO.

Ever Sunshine Lifestyle Services Group has pocketed HK$638.4m ($81.7m) after pricing its IPO below the mid-point of guidance, according to a source close to the deal.

Shanghai Junshi Biosciences has kicked off bookbuilding for its potential HK$3.24bn ($414.4m) IPO.

In this round-up, the People’s Bank of China (PBoC)’s foreign exchange reserves increased for the first times in three months, BNP Paribas became the third international bank to receive a lead underwriting license for corporate Panda bonds, China’s exchanges agreed on including weighted voting rights stocks in Stock Connect trading.

GlobalCapital Asia has spent the last two months talking to banks and their clients in a bid to determine the most impressive capital markets transactions and advisers across Asia ex-Japan in 2018. We are pleased to begin our awards announcements in the loan market.

ING completed a deal in the Tokyo Pro-Bond market this week, raising over $1bn equivalent on a week in which it could not find acceptable demand in dollars. It was also able to distribute notes to regional banks before debt counting towards total loss absorbing capacity (TLAC) weighs more heavily on those buyers’ balance sheets.

Kookmin Bank has issued the second Korean covered bond of this year but the first in dollars and its first in more than two years.

Logan Property Holdings Co made a quick venture into the market on Thursday to use the remainder of its offshore issuance quota for the year. The typically price-sensitive issuer willingly left something on the table for investors this time around to ensure their support in 2019.