Hong Kong SAR

Deutsche Bank’s Sunil Khaitan is joining Bank of America Merrill Lynch to lead its capital markets team in India, according to a source familiar with the matter.

China’s Hebei Construction Group has kicked off a one week roadshow to solicit investor interest for its HK$2.32bn ($297.2m) IPO, as a group of other Chinese firms also target Hong Kong listings.

China Education Group Holdings has opened books for its up to HK$3.5bn ($450m) IPO in Hong Kong, with high-profile investors such as GIC and International Finance Corp taking up cornerstone positions.

China Reform Holdings Corp, China General Nuclear Power Corp (CGNPC), Hong Kong’s Pearl Holding III and Shimao Property Holdings are among the issuers in the market with new transactions on Monday.

There was little excitement among investors for Shandong International Trust’s Hong Kong IPO, with the HK$2.95bn ($377.5m) deal priced near the bottom of guidance, according to a banker close to the listing.

The Philippines postpones its Panda bond deal as it awaits approval from China’s central bank, Hong Kong Exchanges and Clearing (HKEX) opens its first office in Singapore, and the renminbi falls to seventh place in the league table of the world’s most used payments currency in October.

Hong Kong-listed China Tian Lun Gas Holdings has signed its HK$1.25bn ($160m) five year borrowing with a group of nine lenders, said bankers close to the deal.

Semiconductor Manufacturing International Corp pulled off a double-whammy this week, bagging $972.9m from equity and equity-linked investors. The trade was not only SMIC’s first time raising close to $1bn overnight, but also represented a rare offering of an Asian convertible perpetual bond. John Loh reports.

The Chinese Ministry of Finance has successfully completed its second offshore renminbi bond auction of the year, raising Rmb7bn ($1.06bn) from three tranches on Thursday. But poor investor demand for the offering raises questions about the future of the CNH bond market, analysts told GlobalRMB.

I’ve been lucky to spend the years after my retirement never too far from my local, swilling drinks at Captain’s Bar with some good company. But the new crop of bankers retiring these days doesn’t seem content becoming a Hong Kong relic.

One of the last batches of the year’s Hong Kong IPOs kept the market busy this week, even as investors started to wind down for the holidays.

China’s Hebei Construction Group is preparing to launch its potential $300m Hong Kong IPO on December 4, according to two sources close to the transaction.