Northeast Asia

Hungary is planning to sell a Rmb2bn ($290m) three year Panda bond on December 17, becoming the first and only sovereign returnee to the market.

Anta Sports Products has mandated six banks for a €2.2bn loan to back the €4.6bn acquisition of Finnish sports brand Amer Sports Oyj.

Hong Kong-listed natural gas distributor China Gas wrapped up the year with a Rmb1.3bn ($188m) Panda bond, once again raising double its original fundraising target.

Irico Group New Energy is moving ahead with a long-delayed H-share placement that was mooted back in July last year.

Shimao Property Holdings managed to raise a sizeable $570m from its bond return on Monday, using up the last of its annual fundraising quota. But to get to the chunky size at this time of the year, the Chinese company had to offer investors a generous premium.

The Hong Kong Stock Exchange and its counterparts in Shanghai and Shenzhen reached a consensus to include companies with dual-class shares on the southbound trading of Stock Connect.

Xinyi Energy Group is looking to make its debut on the Hong Kong Stock Exchange at the end of next week, as it seeks up to HK$4.5bn ($582.3m) from its IPO.

Ever Sunshine Lifestyle Services Group has pocketed HK$638.4m ($81.7m) after pricing its IPO below the mid-point of guidance, according to a source close to the deal.

Shanghai Junshi Biosciences has kicked off bookbuilding for its potential HK$3.24bn ($414.4m) IPO.

In this round-up, the People’s Bank of China (PBoC)’s foreign exchange reserves increased for the first times in three months, BNP Paribas became the third international bank to receive a lead underwriting license for corporate Panda bonds, China’s exchanges agreed on including weighted voting rights stocks in Stock Connect trading.

ING completed a deal in the Tokyo Pro-Bond market this week, raising over $1bn equivalent on a week in which it could not find acceptable demand in dollars. It was also able to distribute notes to regional banks before debt counting towards total loss absorbing capacity (TLAC) weighs more heavily on those buyers’ balance sheets.

Kookmin Bank has issued the second Korean covered bond of this year but the first in dollars and its first in more than two years.