Haitong Securities

Fantasia Holdings Group returned to the high yield bond market for the second time this month, but was forced to pay heavily for a $300m deal.

Inner Mongolia Energy Engineering Co is putting a Hong Kong IPO of up to $300m on the table for investors as it starts drumming up interest for the deal, according to a source familiar with the matter.

Haitong Securities, the Chinese brokerage and investment banking group, has applied for permission from the China Securities Regulatory Commission (CSRC) to spin off and list Haitong UniTrust International Leasing on the Hong Kong Stock Exchange.

The bookrunners on Polish debt collection agency GetBack’s Z1.1bn (€259m) IPO in Warsaw are marketing the deal at an eye-popping discount to its closest peer.

Multi-billion-dollar exchange plus new money offerings from China Evergrande and Kaisa Group took centre stage in Asia DCM this week, keeping liability management as the market's hot topic. The deals are considered a win-win for issuers, which can lock in relatively cheap funding, and for investors, which are compensated by an exchange premium, while also allowing Chinese borrowers to pre-empt regulatory hurdles, writes Addison Gong.

China Evergrande Group has announced final price guidance for its new four, six and eight year notes, part of an exchange and new money offering launched earlier this month.

Hainan Airlines Holding Co and Greenland Holding Group Co printed bonds with tenors of less than one year on Thursday, finding sufficient demand for their deals. But they were forced to pay a premium, given recent talks around China further regulating offshore funding.

Greenland Holding Group Company is out with a 363 day dollar bond on Thursday, its second outing with a short tenor but its first in the public format.

China Evergrande Group is readying investors for an exchange and new money offering, as the property company looks to deleverage.

Chinese property developers are increasingly looking at 364 day bonds as a way to sidestep approval delays from the National Development and Reform Commission, after Fantasia Holdings Group Co sold a $350m public note this week. Short-term bonds offer a quick fix for borrowers, but there are concerns over whether this is sustainable in the longer run, writes Addison Gong.

Chinese developer Fantasia Holdings Group Co wrapped up an unrated short-term note on Tuesday, snapping up $350m for refinancing. Bonds with maturities of less than a year are increasingly being considered by Mainland issuers, given the barriers in getting regulatory approval to go offshore for fundraising.

Two Hong Kong-listed firms sold new equity on Tuesday via block trades at double-digit discounts, as Jiayuan International Group and Grand Baoxin Auto Group raised a combined HK$2.2bn ($277.1m).