Hong Kong SAR

Issuers from Greater China, including Yanzhou Coal Mining Company (Yancoal) and Regal Hotels International Holdings, have opened books for new perpetual notes, while China Oil and Gas Group has mandated firms for its return.

Zhejiang Expressway Co is breaking the lull in Asia’s equity-linked market, opening books on Wednesday evening for a €365m ($389m) transaction.

Three senior members of Deutsche Bank’s Asia debt and equities teams have left, with two of them jumping ship to Credit Suisse.

China Everbright Greentech has started meeting investors to drum up interest in its Hong Kong IPO, which could raise $500m, according to a source close to the deal.

Macquarie’s head of ECM origination for Asia has left the firm, sources close to the move have told GlobalCapital Asia.

Global hair goods manufacturer Evergreen Products Group is looking to float in Hong Kong, and has submitted a draft prospectus for approval with the city’s exchange.

Natixis this week named Kenneth Lee as head of its Asia Pacific DCM syndicate team.

To many, the 85% collapse in the share price of China Huishan Dairy Holdings Co on March 24 came as a complete surprise. With now all of the company’s non-executive directors having tendered their resignations (in the process also effectively wiping out Huishan’s audit committee), the company’s key treasury executive still missing, and the controlling shareholder seemingly heading for the exit amid talk of margin calls, the milk producer’s short stint as a public company increasingly looks like a horror story, writes Clawback.

Huarong Rongde Hong Kong Investment Management Co is in the loan market for $100m, barely three weeks after another entity within the same group, China Huarong Asset Management, rolled out a HK$3bn ($386m) syndication.

China New Higher Education Group has launched the deal roadshow for its potential HK$921.6m listing, according to a term sheet seen by GlobalCapital Asia.

Chinese property developer Yanlord Land Group is mulling increasing the size of its latest borrowing after over $1bn of commitments poured in for the $600m loan.

Guotai Junan Securities Co has wrapped up its HK$16.5bn ($2.1bn) IPO, after a flood of late demand.