Hong Kong SAR

Everbright Securities has signed up eight cornerstone investors for the bulk of its HK$9.02bn ($1.16bn) IPO in Hong Kong, with high profile names such as China Life and Prudential in the fray, said sources.

Hong Kong-listed United Energy Group is planning a rights issue of at least 13.08bn shares to raise a potential HK$2.6bn ($335.2m), according to a filing.

Hong Kong finally saw the first big typhoon of the summer this week. Naturally it was an anti-climax like every other year, but that did not stop it disrupting the city — although some people fared better than others.

Road King Infrastructure’s new $450m three year bond proved widely popular among investors, attracting an order book of about $6.5bn.

Orlando Faulks has been appointed head of corporate finance for Japan at Deutsche Bank starting November, as Ken Kawashima plans to go back to his previous job.

A $113m term loan to back Hong Kong-listed Aupu Group’s proposed take private has been allocated among seven banks, according to a source.

Postal Savings Bank of China’s mammoth $8bn-$10bn IPO in Hong Kong is a “once in a decade type deal” and investors already appear willing to pay a premium for a slice of the trade, say bankers.

Primary bond activity in Asia sprang back to life on Wednesday following a slow start to the week, with high yield issuance leading the way.

Hong Kong conglomerate The Wharf (Holdings) is planning to make its first appearance in the interbank Panda bond market having filed an application to the National Association of Financial Market Institutional Investors (Nafmii) last month.

This month, a recent announcement by the Hong Kong Stock Exchange (HKEX) in relation to one of its listing rules caught the attention of columnist Philippe Espinasse, who has put the regulation under the microscope.

GlobalCapital is pleased to announce the preliminary shortlist of nominees for its Global Derivatives Awards 2016. Nominations are based upon market feedback and research conducted in recent months. Winners will be unveiled at a gala dinner in London in September.

Hong Kong Airlines returned to the international debt market on Monday for its third trade of the year, which is also the second tap of notes issued at the start of 2016.