Greater China

Aluminium producer China Hongqiao Group has raised $500m from a bond that appealed to investors for its ‘surprisingly generous’ premium on offer.

Medical device maker MicroPort Scientific Corp has made its first visit to the equity-linked market, raising $700m from convertible bonds. A recent rally in the Hong Kong-listed issuer's share price meant it had to assuage price-sensitive investors, but still ended up seeing strong support for its deal.

Zhenro Properties Group visited the offshore bond market for the fourth time in 2021 this week, adding another $340m to its coffers.

China State Construction International Holdings (CSCI) sold a subordinated perpetual bond worth $500m this week.

UBS has hired a new co-head of equity capital markets for Asia, with Zili Guo returning to the bank after five years.

The Hong Kong IPO market saw a scorching start to the year, with a record amount raised on the exchange. But as signs of pressure begin to show, a breather is much needed.

Banks launched the first leg of the buyout package for Hillhouse Capital’s purchase of Philips Domestic Appliances on Tuesday, readying an €850m seven year term loan, with bonds to follow.

Crédit Agricole has appointed a new head of sustainable banking for Asia Pacific.

Qingdao Jiaozhou Bay Development Group Co, a local government financing vehicle from China's Shandong province, printed a $200m deal this week as it prepares to tackle an imminent bond maturity.

Hong Kong-listed mining company MMG has tapped equity investors for HK$2.34bn ($302.2m) after boosting the size of the primary share placement.

Two Chinese real estate borrowers, Agile Group Holdings and Datang Group Holdings, hit the dollar debt market on Monday.

China’s Full Truck Alliance (FTA), an Uber-like service for trucks, is planning an IPO on the New York Stock Exchange, having filed a prospectus with the US regulator.