Hong Kong SAR

GLP is lining up a three year Rmb1.2bn ($190m) bond in the interbank market next week, less than two months after the issuer sold a bond of the same size in the exchange market.

Credit Suisse has promoted Joe Lai to co-head of China investment banking and capital markets (IBCM), according to a memo seen by GlobalCapital Asia.

Commodities trader Noble Group decided not to repay a $379m bond that matured this week, triggering an event of default. But the latest development got little reaction from the market, as the company has long been in the process of restructuring almost $3.4bn of debt.

Hong Kong-listed New World Development has converted a loan signed in March 2016 into a green loan, a first of its kind for the company and in line with its plan to promote sustainability across its business.

An official with the Shanghai Stock Exchange (SSE) has slammed a much-discussed plan to link the Mainland and Hong Kong primary equity markets.

Qatar Investment Authority pocketed HK$5.2bn ($663.5m) on Tuesday from a simultaneous sell-down in Hong Kong-listed Lifestyle International Holdings and Lifestyle China Group.

China Xinhua Education Group has raised HK$1.3bn ($166.2m) after pricing its IPO at the middle of guidance, according to a source close to the deal.

Senior banker Chris Marschall has joined Crédit Agricole as its new equity capital markets head for Asia Pacific, as the French bank starts building an ECM business in the region.

UBS is keeping the equity blocks market busy in Asia, launching two deals consecutively in the Philippines and Hong Kong — both as sole bookrunner.

GCL New Energy is opting to use a club route for a $150m loan, mandating Credit Suisse as the sole mandated lead arranger and bookrunner, according to sources.

Credit Suisse has named Sergio Morita as Ashish Sharma’s replacement to helm the loan syndications desk in Asia Pacific, according to an internal memo seen by GlobalCapital Asia.

BoCom International’s head of ECM is the latest senior banker to join a growing exodus of talent from banking to Chinese start-ups.