Northeast Asia

Nasdaq-listed Momo this week bagged $650m from its first convertible bond, shrugging off a volatile market to close the deal multiple times covered.

The Chinese Ministry of Finance (MoF) is aiming to raise Rmb10bn ($1.53bn) in its offshore renminbi (CNH) bond auctions in Hong Kong this year. The sovereign issuer is also selling $3bn of notes outside China, marking its second outing in the dollar market in two years.

Chinese mobile game publisher FingerTango is on the road in Hong Kong with an IPO that could raise up to HK$1.63bn ($208.3m).

Chinese financial leasing firm Far East Horizon (FEH) nabbed $400m from a floating rate note on Monday that required an arduous price discovery process.

Pacific Basin Shipping has closed a $325m revolving credit facility that attracted eight lenders.

Xiaomi Corp’s decision last week to drop Chinese Depositary Receipts from its jumbo IPO, following hard questions from the regulator, may look like a backwards step for China. But the regulator was right to put market stability above the whims of any issuer — even if it means turning away the IPO of the year.

Chinese internet search giant Baidu is considering the sale of China Depository Receipts (CDRs).

More companies are planning to follow Qingdao Haier’s lead as it prepares to sell the first batch of D-shares, a new asset class for Chinese stocks listed in Germany, a spokesperson at the China Europe International Exchange (Ceinex) told GlobalCapital Asis's sister publication GlobalRMB.

Beijing-based investment bank Chinese Renaissance and property manager Kaisa Property Holdings have set the ball rolling on their Hong Kong IPOs.

After days of volatility in Asia’s capital markets, what does the bond issuance pipeline look like this week?

Chu Kong Petroleum and Natural Gas Steel Pipe Holdings has entered into a standstill period for a $72m bond that was due earlier this year.

Ganfeng Lithium will start pre-deal investor education for its IPO in Hong Kong on Tuesday ahead of an expected $1bn fundraising.