Hong Kong SAR

China-based auto parts manufacturer Unite Intelligence Control is planning a Hong Kong IPO, announcing its intentions through a draft prospectus filed with the city’s stock exchange last Friday.

China’s Shandong International Trust Co is set to begin investor education for its Hong Kong listing, according to a banker close to the deal.

Chiyu Banking Corp and Orient Securities Co have mandated firms to run new dollar bond deals, with roadshows set to start on Monday.

Hong Kong’s Wing Lung Bank managed to raise $400m from a Basel III tier two bond on Wednesday, braving increased volatility to find a source of replacement capital.

Nissin Foods Co, part of instant noodle giant Nissin Japan, has begun meeting investors to foster interest in its potential $200m Hong Kong IPO, according to a source close to the deal.

Fixed-line telecom operator WTT HK priced a $670m bond on Tuesday, with the rare Hong Kong high yield name attracting robust investor interest. Despite a choppy market, the issuer tightened pricing by 37.5bp, and the notes held up well in secondary.

Far East Horizon has boosted its latest loan to $800m from $500m, with retail lenders allotted their full commitments.

Wing Lung Bank, one of Hong Kong’s oldest local banks, is marketing a Basel III tier two dollar bond, just days after failing to redeem its legacy bank capital notes on their first call date.

Hong Kong Exchanges and Clearing’s (HKEX) iron ore futures, which came to the exchange on Monday, enjoyed investor interest to the tune of 1,022 contracts during the day’s trading,

Fixed-line telecom operator WTT HK, known as Wharf T&T until recently, is taking bids for a five non call three year bond on Tuesday after drumming up interest through a global roadshow.

Logan Property Holdings and KWG Property Holding, whose joint venture won the bid for a land parcel in Hong Kong in February, have approached lenders for a HK$10bn ($1.28bn) term loan to support the construction of the project, two bankers said this week.

Hong Kong Airlines, which last visited the international syndicated loan market in 2015, is working with a bank to refinance that facility.