Hong Kong SAR

Hong Kong-listed Semiconductor Manufacturing International Corp (SMIC) has tapped an existing convertible bond for $232m.

Hong Kong’s PCGI Intermediate Holdings, a subsidiary of FWD, raised $250m from the bond market on Tuesday. While the company hit its size target, orders were limited and the price guidance was unchanged throughout the day.

Insurance company FWD Group’s $1.8bn acquisition loan is set to close by the end of November, with two more banks still expected to join the syndicate group.

Nomura has appointed Abhishek Tiwaari as head of loan capital commitments and syndicate for Asia ex-Japan, a newly created position within the bank’s client financing and solutions (CF&S) unit.

In this round-up, top negotiators from China and the US held a phone call on Saturday, the China Securities Regulatory Commission (CSRC) accused CEFC Shanghai Securities Co of illegal activity and the Hong Kong police stormed the city’s Polytechnic University after a tense weekend.

Alphamab Oncology, a Chinese biopharmaceutical company, kicked off pre-deal investor education for a potential $250m IPO on Monday after gaining approval to list from the Hong Kong Stock Exchange.

Citi has named Ken Chow and Udhay Furtado as co-heads of Asia equity capital markets, according to an internal memo seen by GlobalCapital Asia.

Beijing Properties (Holdings) has returned for a $100m borrowing and a source close to the situation said syndication is unlikely to be difficult, despite some banks being averse to lending to the real estate industry.

China Development Bank Financial Leasing is returning to the offshore loan market via sole mandated lead arranger and bookrunner, China Construction Bank (Asia).

Alibaba Group Holding has fixed the price for the retail portion of its secondary listing in Hong Kong after launching the deal without a marketing range, according to an announcement by the company.

UBS has hired from insurance company FWD Group to fill the position of head of financial institutions group for Asia Pacific.

Andrea Casati, vice-chairman of equity capital markets for Asia Pacific at UBS, left the bank earlier this month, according to a source close to the situation.