Asia Pacific

Chinese steel e-commerce platform Zhaogang.com is seeking the green light for a Hong Kong IPO of up to $400m, according to a banker close to the deal.

Chinese mobile streaming platform Inke hit the road with its Hong Kong IPO on Wednesday. With strong anchor demand in the bag, it is reaching for proceeds of up to HK$1.5bn ($192.6m).

Nasdaq-listed Momo this week bagged $650m from its first convertible bond, shrugging off a volatile market to close the deal multiple times covered.

Chicago Mercantile Exchange Group on Tuesday announced that it would soon list new options on its financially settled Black Sea Wheat and Corn futures.

The Chinese Ministry of Finance (MoF) is aiming to raise Rmb10bn ($1.53bn) in its offshore renminbi (CNH) bond auctions in Hong Kong this year. The sovereign issuer is also selling $3bn of notes outside China, marking its second outing in the dollar market in two years.

Chinese mobile game publisher FingerTango is on the road in Hong Kong with an IPO that could raise up to HK$1.63bn ($208.3m).

Chinese financial leasing firm Far East Horizon (FEH) nabbed $400m from a floating rate note on Monday that required an arduous price discovery process.

Pacific Basin Shipping has closed a $325m revolving credit facility that attracted eight lenders.

The Singapore Exchange (SGX) has approved listings with dual-class share structures, a few months after a similar move by rival Hong Kong.

Xiaomi Corp’s decision last week to drop Chinese Depositary Receipts from its jumbo IPO, following hard questions from the regulator, may look like a backwards step for China. But the regulator was right to put market stability above the whims of any issuer — even if it means turning away the IPO of the year.

The Securities and Exchange Board of India has put the IPO plans of real estate company Lodha Developers on hold while it examines "past violations".

Australian insurer QBE has bought back around $100m of green bonds, a rare event for the nascent market.