Banks

Talk of the UK leaving the EU without a deal has given investors one more reason to shy away from supporting bond deals from the country's banks, during a busy period for new issuance.

Chinese technology unicorn Meituan Dianping has started pre-marketing its potential $4bn Hong Kong IPO, quickly receiving a flood of interest from US investors. But there are challenges ahead, as the company faces a strong affront from e-commerce giant Alibaba Group Holdings.

A recent ratings outlook upgrade for Hong Kong developer Nan Fung International Holdings gave it a fillip, helping it raise $500m from a 10 year bond issuance on Tuesday.

Bank of the Philippine Islands (BPI) made its first jump into the bond market on Tuesday, taking home a larger-than-expected $600m after investors embraced the rare Philippine issuance.

CPI Ronghe Financial Leasing is in the market for its second international loan after wrapping up a successful debut last November.

Chinese firm Tubatu Group Holdings is seeking the greenlight to list in Hong Kong, filing a draft prospectus with the city’s bourse on Tuesday.

The debate over whether Shanghai Lingang Economic Development (Group) Co and Zhuhai Huafa Group Co are pure-play local government financing vehicles or Chinese state-owned enterprises took centre stage during their dollar bond outings on Tuesday.

Viomi Technology, a partner of Chinese smartphone-to-internet company Xiaomi, is looking to float on the Nasdaq for up to $150m.

Chinese electric car maker Nio launched its US IPO, looking to pocket up to $1.3bn amid strong interest from investors for stocks in the sector.

Goldman Sachs has hired a former International Monetary Fund and Reserve Bank of India economist to run its research in India.

Union Bank of the Philippines has set the terms for its planned Ps10bn ($187.6m) rights offering, which is set to go live in early September.

Agricultural Bank of China’s Hong Kong-based subsidiary got its first taste of the onshore bond market — and its policy-inspired volatility — as the Chinese central bank tightened bond underwriting rules and statements from the finance ministry led to a spike in supply of local government debt.