Hong Kong SAR

CK Hutchison Holdings, through CK Hutchison International (17), raised $1.8bn across two tranches on Thursday while competing with seven other issuers in the busy Asia debt market.

Chinese iron and steel making conglomerate Hesteel Group Co has snapped up $500m on the back of a price rally in the steel sector onshore, with bankers praising the company’s efforts to woo accounts during a roadshow.

China New Higher Education Group is set to launch the roadshow for its $150m Hong Kong IPO on April 3, according to a source close to the deal.

Renminbi’s share of international payments rises slightly in February, Liaoning free trade zone (FTZ) allows foreign investors to build renminbi pool, and the Chinese president Xi Jinping to meet with his US counterpart for the first time. Plus a recap of this week’s coverage.

Kunming Dianchi Water Treatment Co has raised HK$1.3bn ($167.3m) after avoiding an aggressive stance on its IPO and pricing at the bottom of guidance instead.

China Boqi Environmental Co began testing investor appetite this week for its upcoming Hong Kong IPO, which could raise $100m, according to a source familiar with the matter.

Mimi Cheng, chief representative of First Gulf Bank in Hong Kong, has left the firm less than a year after taking over the position.

Issuers from Greater China are dominating the dollar debt market, as they vie for investor attention on Thursday alongside a couple of south and southeast Asian names.

Chinese gold miner Zhaojin Mining Industry Co has raised HK$1.2bn ($156.0m) through a private placement of H-shares, according to a filing with the Hong Kong Stock Exchange.

China Boqi Environmental Co has begun soft sounding investors for its planned $100m Hong Kong IPO, according to a source familiar with the matter.

Guotai Junan Securities Co’s IPO in Hong Kong is sending all the right messages, but the most important one may be its smaller reliance on cornerstone investors. It has placed just under 30% of the HK$16.5bn ($2.1bn) float to six funds — a move that may well mark a turning point for oversized cornerstone allocations in the city.

A former Bank of America Merrill Lynch ECM syndicate banker has taken a new senior role at CEB International, as the Chinese firm develops its offshore investment banking platform, sources said this week.