CITIC Securities

Sino-Ocean Group Holdings has issued its first Panda bond, raising Rmb4bn ($580m) from a dual trancher. The debut followed German carmaker Daimler and Russian aluminium giant Rusal in a series of prominent issuances in March.

China Zheshang Bank Co is out with its maiden international additional tier one, while Xinjiang Guanghui Industry Investment (Group) Co, the largest shareholder in China Grand Auto, is prepping for its offshore debut.

WHA Utilities and Power’s Bt6.02bn ($173m) IPO is being pitched as a different kind of utility stock, offering a rare growth story instead of the usual defensive angle, according to bankers.

Citic CLSA Securities is expanding its capital markets footprint down under, hiring Michael Vercoe as its first head of ECM for Australia and New Zealand.

Thailand’s ECM market is heating up with yet another IPO set to launch this week, as WHA Utilities and Power starts bookbuilding on Tuesday.

China Zheshang Bank has mandated firms for its international debut bond, a dollar-denominated additional tier one.

China Reinsurance (Group) Corp and China Cinda Asset Management Co ventured out on a busy Thursday with their respective five year prints that saw investors stand firmly by their sides. The two took a combined $3.8bn.

Events, including a rise in the probability of a March interest rate hike and US President Donald Trump’s speech to Congress, did not hold investors back from jumping into deals from Grand China Air, China Aircraft Leasing Group (CALC) and Hong Kong Express Airways (HK Express) on Tuesday.

The strength of the primary debt market in Asia shows no signs of abating, with a number of borrowers heading out on Thursday for fresh dollar fundraisings.

CLSA has shuttered its domestic equity research business in the US, resulting in the loss of some 90 jobs in research, sales and trading and corporate access.

Issuers from Greater China are set to storm the debt market soon with China Reinsurance Finance Corp, China Cinda Asset Management Co, Grand China Air Co and Pacific Century Premium Developments eyeing dollar offerings. Separately, New China Life Insurance Company has got the green light from its board to raise funds offshore.

China YuHua Education Corp has scooped up HK$1.5bn ($198.1m) after seeing a global turnout of investors for its IPO, according to a banker close to the deal.