DBS

NetLink Trust has kicked off bookbuilding for its up to S$2.7bn ($1.9bn) IPO, set to be Singapore’s largest listing in half a decade, according to a source close to the trade.

Haitong Securities, the Chinese brokerage and investment banking group, has applied for permission from the China Securities Regulatory Commission (CSRC) to spin off and list Haitong UniTrust International Leasing on the Hong Kong Stock Exchange.

China Jinmao Holdings Group sold a senior perpetual bond in a busy market on Thursday, and against a weak market backdrop after reports that the China Banking Regulatory Commission was ordering checks on lenders' loan exposures.

Road King Infrastructure, the Hong Kong-listed developer of highways and property, has announced the terms for the IPO of RKE International, its Chinese toll road assets division, which could value the business at up to HK$8.5bn ($1.1bn).

Qinghai Provincial Investment Group Co, Guangdong Hengjian Investment Holding Co and China Logistics Property Holdings Co are expected to meet Reg S investors early next week.

Hong Kong property company Lai Sun Development Co is planning a return to the dollar debt market after a more than four year hiatus.

A syndicated loan for Gunvor Singapore has been allotted, with more than 20 banks joining the mandated lead arrangers and bookrunners at the end of general syndication.

Property names China Jinmao Holdings Group and Shimao Property Holdings, along with India’s Adani Ports and Special Economic Zone, launched new dollar deals on Thursday.

India’s Bank of Baroda met investors this week on a non-deal roadshow in Europe and Asia.

Chinese issuers are dominating Wednesday’s debt market in Asia ex-Japan, with two issuers launching dollar deals and two investment grade corporates announcing roadshows for transactions.

Two Indonesian financial institutions, Bank Negara Indonesia (BNI) and Adira Dinamika Multi Finance, are scheduled to hit the loan market in July.

RKE International Holdings (RKE) has kicked off pre-deal investor education for a listing in Hong Kong that could raise up to $300m.