Northeast Asia

Heungkuk Fire and Marine Insurance Co, which kicked off bookbuilding for a dollar bond on Thursday, was still speaking to investors on Friday morning, according to a source close to the situation.

Xiaomi has covered its whopping HK$48bn ($6.1bn) listing thanks to a strong flow of early orders, according to a book message sent out on Friday morning, a day after bookbuilding kicked off.

HSBC has named Hemant Lodha as head of the financing solutions group, debt capital markets, Asia Pacific, with immediate effect, according to a memo seen by GlobalCapital Asia.

Fixed income investors should be better prepared for a trade war between the US and China, according to Arvind Rajan, managing director and head of global and macro at PGIM Fixed Income.

Equity markets in Asia went into a tailspin on Tuesday after trade tensions between the US and China ratcheted up. While the region’s bourses found some support in the following days, more disruption is probably on the way. Rashmi Kumar reports.

CMB International Capital Corp is slowly but steadily gaining ground in Asia’s bond market with a new — and fast growing — debt capital markets team in place. But what will it take for CMBI to be a real competitor to both international and other Chinese firms? Morgan Davis finds out.

South Korea’s GS Caltex Corp had five times the demand for its $300m bond on Wednesday, allowing it to pull off an exceptional 30bp price tightening.

Jiangxi Bank Co has raised HK$7.48bn ($953m) from its Hong Kong IPO, pricing the shares towards the top of guidance thanks to a big group of flexible investors.

After four years, it’s Fifa World Cup time again — which means football shirts, beers, endless pub hours, lots of yelling, shouting and fighting, and of course, the always unrealised hopes of a victory.

Thunder Bridge Acquisition began trading on the Nasdaq this week after sealing a $230m IPO. It is the first special purpose acquisition vehicle (Spac) to focus purely on China’s financial technology sector.

Qeeka Home, an online interior design and construction platform, kicked off bookbuilding this week for a HK$2.18bn ($277.6m) IPO.

Chinese technology giant Xiaomi Corp kicked off bookbuilding for its up to HK$48bn ($6.1bn) Hong Kong IPO on Thursday, set to be the largest globally in nearly two years, after a series of twists and turns that put it firmly on the market’s radar. Jonathan Breen reports.