Northeast Asia

Chinese online game developer 7Road Holdings has raised HK$1bn ($127.4m) after pricing its IPO at the floor of the marketing range, according to a banker on the trade.

Health and Happiness International Holdings has launched its $350m dual-currency loan into limited syndication.

Korea East-West Power Co (EWP) raised $500m from a sustainability bond on Thursday that proved popular both in the primary and secondary markets, reflecting investors’ eagerness for defensive names.

KEB Hana Bank raised $315m from a five year floating rate note in the Formosa market on Thursday, selling the bond with no new issue premium thanks to strong support from Taiwanese investors.

Jilin Jiutai Rural Commercial Bank is planning share sales to both onshore and offshore investors in a bid to boost its core tier one capital.

Guarantor: Japan

Rating: Aa2/AA/AA-

Equity investors have endured a volatile year with numerous geopolitical shocks leading to falls in markets and sapping confidence. But now they are positioning for the previously unimaginable, a trade war between the world’s two largest economies and all the ramifications that will follow, writes Sam Kerr.

Agile Group Holdings printed a smaller-than-expected $200m bond on Wednesday, struggling to source demand in spite of a generous yield, raising questions about the timing of the transaction.

Hyundai Oilbank, a subsidiary of shipbuilding giant Hyundai Heavy Industries, is looking for the green light for an IPO of up to W2tr ($1.77bn).

Analysts can sometimes find it hard to do due diligence on Chinese companies. The language barrier, local regulations and differences in accounting standards all need to be dealt with. They also need to consider the distinct possibility they are being fed a large helping of absolute piffle.

A NT$11.7bn ($382m) accelerated bookbuild in shares of Yageo lit up Taiwan’s equity capital market this week. Sole bookrunner BNP Paribas surprised rival bankers by winning the mandate, especially given how rare large and liquid Taiwanese fundraisings have been this year. John Loh reports.