Northeast Asia

As many as nine local government financing vehicles (LGFVs) came to the offshore bond market this week, relying on anchor orders to price deals before their regulatory quota expires. But as 2018 nears its end, the pressure the sector faces is far from over, writes Addison Gong.

Greenland Hong Kong Holdings closed the year with a $200m bond on Wednesday, as the high yield issuer took advantage of its anchor investors and the relatively positive market backdrop.

The depository arm of Canada’s TMX Group is testing a bond link with the Shanghai Clearing House, offering the latest way for foreign investors to access China’s onshore bond market. But while the new link will give Canadian and US investors more freedom to choose onshore dealers, it is unlikely to address some investors’ worries over privacy.

Samsung BioLogics resumed trading on Tuesday after its stock was suspended for almost a month, according to an announcement by South Korea’s stock exchange.

Hong Kong Exchange and Clearing hired from Citi's Hong Kong team in a bid to boost its post-trade capabilities on Stock Connect and beyond.

Chinese construction materials provider Pujiang International Group is seeking the greenlight for an IPO in Hong Kong.

Keep fit by all means, but it may also be wise to keep your running regime out of sight, as a banker friend has just found out.

Tencent Music Entertainment Group (TME) has nabbed $1.1bn from its IPO on the New York Stock Exchange, guiding investors toward the bottom of the price range amid choppy markets.

Three Chinese local government financing vehicles (LGFVs) managed to push out last-minute dollar deals before the year end on Tuesday, while property developer Kaisa Group Holdings raised $300m from a 365-day bond at a double-digit yield.

Housing Development Finance Corp is taking the Samurai loan route for its second syndicated financing of the year.

Like many recent IPOs in Hong Kong, Chinese telecommunication software provider AsiaInfo Technologies has also priced its listing at the bottom of the indicative range, raising HK$900m ($115m).

Chongqing Nan’an Urban Construction and Development Group Co kept the order book for its dollar bond open for an extra day before raising $300m this week.