Hong Kong SAR

Hong Kong-listed NagaCorp raised a larger than expected HK$950m ($123m) after boosting the number of shares sold in its overnight equity offering, even though it priced at the bottom of guidance.

My beloved wife Tai Tai often complains, quite unreasonably I think, about how under appreciated she feels. But a recent gaffe by an acquaintance of mine had her, for once, thanking her lucky stars that she married me back in the day when bankers actually paid some attention to their better halves.

Postal Savings Bank of China met with the sponsors of its upcoming $8bn Hong Kong IPO in Beijing on Thursday as the issuer approaches hitting the market, according to a source involved in the transaction.

A senior banker in the Asia Pacific financing division of Credit Suisse has stepped into a newly created position at the bank.

NagaCorp, which operates the only licensed casino in Cambodia's capital, has launched a top-up placement that could raise up to HK$832m ($107m), ending a three year absence from the equity market.

Two Chinese high yield names made their mark on Tuesday, with Road King Infrastructure bagging $500m and Haikou Meilan International Airport netting $200m from its first G3 bond offering.

Manganese producer Asia Minerals has approached the syndicated loan market for a $61m two tranche borrowing.

HSBC’s head of Hong Kong/China equity research Steven Sun said in a media briefing on Monday that the impending launch of the Shenzhen Hong Kong Stock Connect scheme is likely to trigger a huge increase in the foreign ownership of Chinese stocks.

Asian debt capital market bankers are advising bond issuers to hit the market sooner rather than later in September, on the back of indications from the Federal Reserve that the case for an increase in rate hike had “strengthened in recent months”.

A subsidiary of Lee & Man Paper Manufacturing has signed loans worth HK$4bn ($515.6m) to refinance debt, including bilateral loans, and for general corporate funding.

Citi is set to lose its head of Asia Pacific debt syndicate in Hong Kong, as Duncan Phillips is leaving to join financial services technology firm Ipreo.

Rici Healthcare Holdings, which delayed bookbuilding for its $200m IPO in Hong Kong due to Brexit, plans to make a comeback at the end of September or early October, said sources.