Hong Kong SAR

Kunlun Energy Co printed a Rmb3.35bn ($500.99m) convertible bond this week that was settled in US dollars, but came with a rare rating that soothed fears about the renminbi's possible depreciation.

Hong Kong’s Regal Hotels International Holdings executed a swift dollar trade this week, getting in and out of the market in just three days. Despite being unrated and with few comparables offering guidance, the firm managed to slash pricing by 30bp and found plenty of support.

Simon Galvin has left Goldman Sachs to join Deutsche Bank as head of ECM syndicate Asia, filling a role left vacant since March, according to sources close to the move.

Deutsche Bank has hired Simon Galvin to be its new head of ECM syndicate Asia, according to a source familiar with the matter.

The green bond market is set for some new action with Link Real Estate Investment Trust kicking off a dollar transaction on Thursday.

Shandong International Trust Corp, which is planning a $300m Hong Kong listing, is set to ask for approval for the deal in September, according to a source familiar with matter.

Singapore’s Olam International is seeking investors for a subordinated dollar perpetual non call five trade, opening books on Wednesday morning with initial guidance in the 5.5% area.

Telefónica Internacional carried out the second weekend block trade of the year to raise HK$2.82bn ($363.43m) for its China Unicom sell-down, and the unusual timing worked in the vendor’s favour.

Cement producer TCC International Holdings has chosen a group of four lenders to helm its latest $450m outing in the syndicated loan market.

Banks are hoping for opportunities to finance loans arising from a potential spin-off of the communications, media and entertainment (CME) assets of Hong Kong conglomerate Wharf Holdings.

Hong Kong-listed Regal Hotels International Holdings has mandated banks for a dollar-denominated offering, and is set to start investor meetings on Tuesday.

The Hong Kong unit of Global Logistic Properties has launched on Monday what market participants are calling the first public Panda bond from an international corporate.