China International Capital Corp

Powerlong Real Estate Holdings managed to price a $200m bond on Wednesday, the same day that China National Chemical Corp and Japan’s Softbank Group snapped up a combined $7.5bn from the debt market.

New issue momentum in Asia’s debt market continues to be strong with Powerlong Real Estate Holdings and China National Chemical Corp (ChemChina) collecting bids on Wednesday, as Sinochem International Corp prepares to hit the road.

FIT Hon Teng has raised HK$2.67bn ($341.8m) after pricing its IPO near the midpoint of guidance following a flood of global demand, according to a banker close to the deal.

China-based Hebei Construction Group is looking to raise between $200m and $300m through a Hong Kong IPO in the second half of the year, said a banker on the trade.

Leads on FIT Hon Teng’s HK$2.8bn ($358.6m) IPO have wrapped up bookbuilding a day early in Asia and Europe after a strong showing from institutional investors, and are set to price the deal around the midpoint of the initial range.

Mainland firm Hebei Construction Group is vying for approval to list in Hong Kong, filing a draft prospectus with the city’s exchange.

Inner Mongolia Energy Engineering Co plans to launch bookbuilding for its Hong Kong IPO on Monday, and could bag up to HK$1.23bn ($157.6m).

Modern Land (China) Co grabbed $130m from its green bond on Thursday, but the pricing of the notes did not move throughout bookbuilding as investors were less than impressed with the high yield credit.

Haitong Securities filed a draft prospectus in Hong Kong on Wednesday for the spin off and listing of its leasing unit Haitong UniTrust. The IPO is expected to raise around $500m, according to a banker close to the deal.

FIT Hon Teng opened books this week for its potential HK$3.0bn ($384.3m) IPO and found investors scrambling to get in.

Chinese property developer Modern Land (China) Co is making a comeback to the international green bond market, opening books for a short-term trade on Thursday morning.

FIT Hon Teng, a subsidiary of Taiwanese electronics manufacturer Hon Hai, has opened books for its all primary IPO on the Hong Kong Stock Exchange, with a price range that could value the company at up to $2.6bn.