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Emerging Markets

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  • Kaisa Group Holdings and Greenland Holding Group Co joined a slew of Chinese real estate companies to rush to the offshore market this week, using up the remainder of their regulatory quotas.
  • Biopharmaceutical firm SinoMab BioScience has priced its Hong Kong listing at the bottom of guidance to raise HK$1.4bn ($178.6m), finding support from global long-only funds on the last day of bookbuilding.
  • Cigarette packaging printer Amvig Holdings has returned to the loan market for a HK$1.15bn ($147m) one year facility to refinance a 2017 borrowing.
  • Hong Kong-listed United Laboratories International Holdings has increased its borrowing to HK$1.8bn ($230m) after attracting six participants during syndication.
  • Bajaj Finance, an Indian non-bank financial company, raised Rp84.6bn ($1.2bn) this week, closing a qualified institutional placement that defied the challenges facing the sector.
  • SAIC-GMAC and Beijing Hyundai Auto Finance are both planning their returns to the auto loan ABS market next week.