Hong Kong SAR

Sunshine 100 China Holdings printed a $200m convertible bond last week that drew flak for the inherent weaknesses in its structure. But although it defied what many consider to be “proper” CB execution, look past the criticism and it’s clear that the equity-linked market is open for business — even when the trade is off-kilter.

Hong Kong’s Securities and Futures Commission has slapped Quam Capital with a HK$800,000 ($103,135) fine for failing to discharge its duties as a sponsor on Gayety Holdings’ IPO in July 2011.

CSI Properties completed a swift transaction on Monday in a market that is starting to slow down due to the summer break. Despite being unrated and with few direct comparables, the firm managed to slip in its first dollar bond in more than three years.

Kunming Dianchi Water Treatment Co is looking to float on the Hong Kong Stock Exchange, having filed a draft prospectus with the bourse on Monday.

Mizuho Financial Group has appointed Jaj Singh as executive director and head of financials research for Asia ex-Japan, poaching him from Nomura.

Joseph Chee will head UBS’s Asia investment banking unit after co-head Saurabh Beniwal leaves at the end of the year, according to sources close to the move.

Two Hong Kong issuers hit the dollar debt market on Monday, with CSI Properties launching a new five year bond, while Hong Kong Airlines re-opened its existing notes, driven by reverse enquiry.

Everbright Securities kicked off pre-deal investor education on Monday for its over $1bn IPO in Hong Kong, with the recent recovery in markets expected to bolster demand for the transaction.

Sunshine 100 China Holdings hauled a $200m convertible bond over the line on July 28, enticing investors with one of the highest yields on equity-linked debt in the region this year.

China’s fifth largest lender Bank of Communications Co has mandated leads for the Hong Kong listing of its investment banking arm BoCom International, which is likely to raise $300m, according to sources familiar with the matter.

Call me old-fashioned, or just plain old, but I have a hard time understanding the modern obsession with phones. And I cannot help but feel sorry for those who just can’t free themselves from the shackles of technology — even when they want to.

Allocations are out for a HK$8bn ($1bn) fundraising for Lifestyle International Holdings, which operates Sogo department stores.