Hong Kong SAR

Hong Kong-based Far East Consortium International (FEC) and Chinese securities house Guotai Junan International Holdings both sold unrated bonds on Monday. While neither issuer saw overwhelming demand, they still managed to walk away with their desired $150m and $300m, respectively.

Inflatable pool manufacturer Bestway Global Holding is on track to raise up to HK$1.5bn ($196.6m) from its IPO, drawing in a mix of international and Chinese investors to cover its deal multiple times over, according to a source close to the deal.

Hong Kong’s fixed-line telecom operator WTT HK, better known as Wharf T&T, has mandated banks for a 144A/Reg S dollar deal, with a global roadshow kicking off in Hong Kong on Tuesday.

Gaming firm Razer has raised HK$4.1bn ($528.8m) from its IPO after pricing it just off the top of guidance at a level considered auspicious, said sources close to the deal.

China Education Group is looking to list in Hong Kong by the end of the year with an IPO that is likely to fetch around $400m, according to a source close to the deal.

Yixin Group looks set to be another bumper Hong Kong IPO, with the HK$6.8bn ($867.2m) deal ending its first day of bookbuilding multiple times covered across the marketing range.

Far East Consortium International (FEC) is returning to the dollar bond market, dishing out a new 5.5 year transaction on Monday.

The People’s Bank of China governor issues warning on growing debt level, Hong Kong and Shenzhen launch Connect link for gold contracts, and the China Securities Regulatory Commission (CSRC) and the Monetary Authority of Singapore (MAS) agree to help Chinese companies list in Singapore.

In this week's Clawback, columnist Philippe Espinasse writes about how Hong Kong’s ambitious plans to woo international companies to its stock exchange are facing a big setback.

Mainland firm Harvest Property Holdings is looking to join its peers south of the border, with a plan to float on the main board of the Hong Kong Stock Exchange.

ASM International has pocketed HK$4.1bn ($526.4m) after offloading a chunk of ASM Pacific Technology stock, pricing it toward the top end of guidance.

Hong Kong-listed Huarong International Financial Holdings is gearing up for a Rmb2bn ($302.7m) Panda bond private placement, which would mark the financial issuer’s first outing in the asset class.