Hong Kong SAR

US investors led the charge to CK Hutchison Holdings’ triple-tranche bond on Tuesday, with their strong, and unexpected, support pushing the final deal size beyond the issuer’s expectations.

As the Belt and Road Initiative (BRI) opens up investment opportunities in emerging markets, it also exposes participants to high credit risks. But instead of seeking insurance coverage, some bankers are turning to securitization for an answer — a move that can lower risk and accelerate return on capital.

Chinese real estate developer Zhenro Properties Group has filed a draft prospectus with the Hong Kong Stock Exchange for an IPO that could raise up to $500m, according to a source familiar with the matter.

HSBC has hired a former Bank of America Merrill Lynch banker to its leveraged and acquisition finance team in Hong Kong.

Nan Fung International Holdings managed to get the best of both worlds on Monday, finding the ideal price for its bond while also bagging a size within its target.

In the latest Clawback, columnist Philippe Espinasse puts the Hong Kong Stock Exchange’s (HKEX) recent consultation paper on capital raisings by listed issuers under the microscope.

Hang Lung Properties is preparing its first Panda bond, aiming to raise Rmb2bn ($302.7m) from a three year note on the interbank market.

CK Hutchison Holdings is wooing dollar debt investors for the third time this year, opening books for a triple-tranche deal on Tuesday morning.

Citi is planning to add at least 25 bankers to its Belt and Road coverage team over the next couple of years amid a pick-up in interest from clients.

Game developer NetDragon Websoft Holdings has tapped the Hong Kong market for a HK$997.9m ($125.2m) top-up placement, its first public equity raise since listing a decade ago.

HSBC has appointed Joseph Incalcaterra as its chief economist for ASEAN, a newly created position at the bank.

I Squared Capital’s $900m-equivalent Hong Kong dollar loan backing its acquisition of Hutchison Global Communications (HGC) pulled in more than 20 banks during senior syndication, with more expected to join before the deal wraps up this week.