Northeast Asia

Hong Kong-based Hang Lung Properties is hitting the Panda bond market for the first time, as it seeks to finance the construction of two shopping malls in the mainland. The issuer says the new buildings will be environmentally friendly, making the Rmb1bn ($150.9m) trade one of the few green Panda deals.

Xiaomi Corp had an inauspicious start as a publicly-traded company when its shares sank on Monday. But the rapid rebound in its stock price showed that the critics were too quick to pass judgement.

Goldman Sachs has poached Bank of America Merrill Lynch banker Darius Naraghi, a managing director with the firm’s equity capital markets team.

South Korean energy chemical company SK Innovation Co enticed investors with a rare deal on Monday, taking home $500m.

A shareholder in Korea Aerospace Industries is looking to exit from the company through an overnight bookbuild to raise up to W242bn ($215m).

Fitch upgraded the rating of Mongolia’s long term foreign currency debt to B from B- on Monday, causing the country’s outstanding dollar paper to tighten in the secondary market.

Chinese peer-to-peer lending platform 51 Credit Card has raised HK$1bn ($128.6m) after pricing its IPO at the bottom of guidance, according to a banker on the deal.

CMB International raised $250m from a three year floating rate note on Monday. Bankers and analysts were expecting the deal to reach $300m but despite a well-filled book, the borrower opted to limit its size ambitions.

The European Investment Bank is set to bring the first five year dollar benchmark from an SSA in nearly three weeks — and only the third since the first quarter — after mandating banks on Monday. The issuer will be joined by a triple tranche trade from the Japan Bank for International Cooperation.

BPCE was active in the Samurai market this week, selling ¥119.5bn ($1.08bn) of notes, the vast majority of which were in the senior non-preferred format and will be used to finance eligible social loans. The French bank is also drafting a new framework for green bonds and two types of social bond.

Hong Kong’s Securities and Futures Commission (SFC) has censured CCB International Capital for its role as the sponsor on Fujian Dongya Aquatic Products’ planned IPO.

Smartphone maker Xiaomi Corp’s debut in Hong Kong fizzled out as its shares tumbled 6% at the open, even as Chinese stocks shrugged off a looming trade war.