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Tight price and strong book reported as market awaits geographic breakdown
More deals are expected later in the week
The new issue premium was, at most, 10bp
Data
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The People’s Bank of China and its Hong Kong and Macau counterparts jointly announced plans to establish a wealth management connect scheme this week. While short on details, the move marks another step towards opening up China's capital markets.
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China’s Archosaur Games set in motion its HK$2.17bn ($280.5m) IPO on Tuesday, joined by Cathay Media and Education Group and poultry producer Shandong Fengxiang.
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China Bohai Bank has jumped into Hong Kong’s bustling IPO market, opening books for a HK$14.3bn ($1.85bn) listing.
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The Hong Kong-listed shares of Semiconductor Manufacturing International Corp (SMIC) opened higher on Tuesday after the company got the nod from the Chinese securities regulator to list on the Star board.
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Brazilian railroad operator Rumo, which Fitch believes should only suffer a “limited” impact from coronavirus, is preparing what would be the first green bond from Latin America since the pandemic hit.
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Mexican real estate investment trust (Reit) Fibra Uno will monitor markets as it continues to look for liability management opportunities after pulling a proposed Reg S-only trade last week, the company’s capital markets vice-president has told GlobalCapital.
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