Northeast Asia

Bond exchanges and tender offers are rising in popularity among Asian issuers, as funding officials race to beat a mountain of maturities next year. Addison Gong reports.

Chinese private education provider JH Educational Technology has set the ball rolling for its Hong Kong IPO, filing a prospectus with the city’s stock exchange, while brewing giant AB InBev has kicked off pre-marketing for a multi-billion-dollar float of its Asian assets.

Chinese construction materials provider Pujiang International Group has begun bookbuilding for its HK$852m ($109m) IPO.

Chinese issuers kept up their bond issuances on Wednesday, despite having to contend with the backdrop of the US-China trade war. Three borrowers raised a combined $840m, proving that investors are still buying a range of credits.

I overheard some young bankers in the Captain’s Bar the other day bragging about their expat packages and how many free first class flights they get here and there every year.

Chinese private education provider JH Educational Technology has filed an application to list on the Hong Kong Stock Exchange.

China’s State Development and Investment Corp (SDIC) launched a $1bn transaction on Tuesday, split between a green bond and a conventional bond. Investors shook off trade war worries to swarm both portions of the deal with orders.

Chinese drug services provider Frontage Holdings Corp has kicked off bookbuilding for its IPO, vying for proceeds of up to HK$1.60bn ($204.6m).

Menswear clothing company Mulsanne Group Holding has kickstarted bookbuilding for its listing on the Hong Kong Stock Exchange.

Equity investors who base their trading on the daily news flow emanating from the US and China, are going to have to accept the possibility that the relationship between the two countries will sour.

Logistics real estate platform ESR Cayman has been given the green light for a listing on the Hong Kong Stock Exchange.

Korea Railroad Corp turned west on Monday, marketing a six year bond to Swiss investors.