Greater China

Investors have mixed feelings about bonds from Chinese property companies, but a likely supply-demand rebalance could signal yet another honeymoon period for the sector.

CK Hutchison, the Hong Kong conglomerate, took more than €10bn of orders on Tuesday for a six-tranche bond in euros and sterling as it opted not to squeeze the pricing as much as other recent deals.

Commodities company Trafigura has closed its annual dual-tranche borrowing, increasing the deal from $1bn-equivalent to around $1.5bn.

Sichuan Languang Justbon Services Group, a property management company, has kicked off a short IPO roadshow, aiming to raise up to HK$1.67bn ($213.4m) from a Hong Kong SAR listing.

Health and Happiness International Holdings, a China-based supplier of paediatric nutritional and baby care products, has returned to the loan market for a multi-tranche transaction.

The Securities Association of China (SAC) has told onshore securities houses to improve the quality of their research reports on Star Market companies. The move may help securities houses better price IPOs on the bourse, said bankers.

GlobalCapital China is pleased to invite you to participate in the GlobalCapital China Capital Market Awards 2019. Inaugurated last year under the GlobalRMB banner, the awards celebrate the accomplishments of the leading players in the renminbi debt capital markets, onshore and offshore, as well as key service providers.

Hong Kong Stock Exchanges and Clearing has dropped its plan to acquire the London Stock Exchange Group (LSEG), shelving the £31.6bn bid that would have created a powerhouse among financial marketplaces.

Real estate developer Helenbergh China Holdings has priced its first dollar bond, raising $300m amid constant demand for yield from investors.

Chinese biotechnology firm Innovent Biologics has raised HK$2.39bn ($304.3m) after selling a chunk of stock through a top-up placement.

Standard Chartered has hired Linda Gu as an associate director in its loan syndication team, according to a source close to the situation.

Chailease International Finance Corp has closed its third offshore loan of the year, finding demand from 17 lenders for a $300m facility.