Goldman Sachs

Morgan Stanley has announced a round of managing director promotions for the year, which include a number of capital markets moves in Asia.

Macau casino operator SJM Holdings is hunting for a HK$25bn ($3.2bn) loan to fund a new project in the city. Although the gaming industry in Macau is experiencing a lean period, loans bankers are expected to place their bets on SJM’s strong market position.

Postal Savings Bank of China has selected five banks to lead its jumbo $15bn IPO, which is set to become the largest listing in Hong Kong in five years.

Haitong International Securities has hit the market for a HK$8bn ($1bn) three year bullet, which could increase in size depending on demand.

China Development Bank (CDB) reopened a dual-currency transaction on Wednesday, bagging a $2bn equivalent from the euro and dollar tap. With strong demand from onshore investors, the policy lender was able to cut cost while raising more than the size of the original bond.

South Korea’s stock market regulator has approved Hotel Lotte’s plans for an IPO, which could raise as much as $5bn and take the title of the largest listing in the country.

Public sector borrowers are hitting several parts of the euro curve, with dollar issuance all but dried up before the US Federal Reserve announces later on Wednesday the outcome of its Federal Open Markets Committee meeting.

Postal Savings Bank of China has picked five banks to lead its listing, which could raise as much as $15bn to become the largest IPO in Hong Kong in five years.

Macau casino operator SJM Holdings has enlisted one bank to sound out lenders for a HK$25bn ($3.2bn) loan for a new project in the city. Although the gaming industry in Macau is experiencing a lean period, loans bankers are expected to place their bets on SJM’s strong market position.

The Asian market finally saw some signs of activity on Wednesday with China Development Bank and Vista Land & Landscapes opening taps for their respective dollar bonds.

Samsung Bioepis, the pharmaceutical arm of the South Korean conglomerate, has decided to postpone its Nasdaq IPO due to valuation issues and to make way for the listing of Samsung BioLogics.

CMC Markets, the financial spread betting firm, set on Tuesday the price range of its London IPO at a level that will value the firm at up to £794m.