Hong Kong SAR

Industrial and Commercial Bank of China’s Dubai branch is out on Monday with a dual-tranche floating rate transaction, while logistics group ESR is meeting fixed income accounts in Hong Kong and Singapore this week.

Nissin Foods Company, part of the Japanese instant noodle giant, has filed a listing application with the Hong Kong Stock Exchange.

Cheung Kong Property Holdings (CKP) wrapped up Asia’s largest fixed-for-life perpetual on Thursday with a 4.6x covered $1.5bn bond. The group’s credentials and the rarity value of high grade corporate perps added to the deal’s success, helped also by the fact that the instrument has its own following, said bankers.

Bank of America Merrill Lynch’s head of Asia Pacific M&A Stephen Gore is leaving the firm, according to sources.

The head of Greater China healthcare in the investment banking division of Nomura has left the firm for Credit Suisse, said sources.

Bank of East Asia wrapped up a new Basel III additional tier one deal on Thursday, applying the lessons it learnt from its previous subordinated note outing.

Veteran banker Michael Guan is understood to be relocating to Hong Kong from London to join Deutsche Bank’s Asia M&A team in a senior position.

China Yongda Automobiles Services Holdings has raised HK$888.3m ($114.6m) overnight from a top-up placement, pricing the shares off the bottom of the marketed range.

Australian billionaire James Packer unwound the last of his position in a Macau joint venture with Hong Kong scion Lawrence Ho this week. Packer raked in $1.2bn from an unusually structured deal that included a $337m block trade, capturing the attention of Asian and US investors. Jonathan Breen reports.

CK Hutchison sold a hybrid bond featuring a dual-step structure this week, designed to qualify for partial equity treatment from ratings agencies. While demand was strong for the $1bn deal, priced off the back of a $4.25bn book, some handholding was needed to make investors comfortable. Addison Gong reports.

National Australia Bank is selling its private wealth business in Singapore and Hong Kong, as it looks to simplify its structure and focus on corporate and institutional banking.

HSBC levfin banker moves to BAML — Axis Bank promotes HK credit head — UBS banking moves — Apac corporate finance head at FAB — AmBank hires from RHB — Citic CLSA names global M&A head — Sim to runhelm CMS equities — Asifma head of equities exits