Hong Kong SAR

Global Medical Real Estate Investment Trust, owned by Hong Kong-listed ZH International Holdings, is aiming to list on the New York Stock Exchange in a deal that could net $100m.

Nameson Holdings priced its HK$600m ($77m) Hong Kong IPO near the middle of the range on Wednesday, but bankers still said that conditions are still not ideal for equity capital markets.

CK Hutchison, the conglomerate with headquarters in Hong Kong, issued €2bn in the European corporate bond market on Tuesday, diversifying the market’s sources of non-European deal flow.

It goes without saying that things have not gone according to plan for Asia’s equity capital markets this past quarter. The numbers are sobering and the reality is that ECM has seen some fundamental shifts as deal origination and execution become more non-traditional. But that does not have to be a bad thing.

Chinese red-chip Sino Grandness Food Industry Group is planning to spin off its subsidiary Garden Fresh Group Holding via a float on the Hong Kong Stock Exchange.

CK Hutchison Holdings has kicked off bookbuilding for a euro-denominated dual-tranche offering, which will mark the firm’s return to the currency after a gap of 18 months.

Guosen Securities (Overseas) Company Limited, which said on March 31 that no event of default had occurred on its CNH bonds, issued another notice to bondholders on the same day via trustee Bank of New York Mellon. The new notice, obtained by GlobalRMB, said that Guosen’s auditor RSM Hong Kong is yet to provide confirmation about certain write-offs in the guarantor’s financial accounts, which would determine whether an event of default occurred or not.

A member of Macquarie’s equity syndication team in Hong Kong is understood to have transferred to another role within the bank.

Chinese condiment manufacturer Yihai International Holding is looking to list in Hong Kong, having filed a draft prospectus with the city’s exchange on Thursday.

Standard & Poor’s has cut its credit ratings on Standard Chartered group entities by one notch, becoming the last of the three international ratings agencies to do so over the past few months.

China Logistics Property Holdings Co, which filed for a Hong Kong listing on Thursday, has tapped Credit Suisse and Deutsche Bank as joint sponsors for the transaction.

You know how holidays are supposed to be fun and relaxing? Well, my friend Two Pints is probably wishing breaks never existed after his eventful Easter weekend.