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  • Bank of Qingdao Co is looking to raise up to HK$5.2bn ($666m) in a Hong Kong listing, with the trade opening books on November 20. This makes it the first of a handful of Chinese city commercial banks to launch their IPOs in the city.
  • Construction firm Datem, which received approval from the Philippine Stock Exchange earlier this month for its IPO, has decided to postpone its plans.
  • Hong Kong property company New World Development was out in the dollar bond market on November 20, marking its first offering this year.
  • Powerlong Real Estate Holdings returned to the dollar bond market following a hiatus of nearly three years, pricing a $200m deal inside its existing curve.
  • New Hope International has wrapped up syndication of a $100m facility that came with a guarantee from its parent, Chinese agribusiness New Hope Group.
  • Flat Glass Group Co priced its Hong Kong IPO at the bottom of an indicative range on November 19, raising HK$945m ($122m) as investors gave the solar glass maker a lukewarm response.
  • Mercuria Energy has wound up its latest multi-tranche loan at an increased size of $1.1bn. The shorter one year portion proved popular among lenders, but a three year tranche ended up being scaled back.
  • Korean Air Lines has raised $300m from a hybrid bond that came with a guarantee from the Export-Import Bank of Korea (Kexim). But the issuer’s credit fundamentals posed a challenge, with investors split over finding the best comparable for the notes.
  • China Construction Bank (Asia) has priced a two year dim sum amid a market sentiment that is less than favourable for dim sum issuance. However like other recent deals from state-owned banks, this latest trade was driven more by diplomacy than funding needs.
  • Birla Carbon, part of India’s Aditya Birla Group, has opened its $925m refinancing into general syndication via five mandated lead arrangers and bookrunners.
  • Chinese water treatment firm Citic Envirotech has printed its first dollar bond, raising $175m from a trade that was designed to take advantage of Asian private banks’ increasing need for yield.
  • Fiat’s Indian arm has approached lenders for a $250m loan to fund projects in the country. The deal is one of the few offshore fresh money borrowings from India this year.