Northeast Asia

Baidu-backed online platform Qeeka Home is hoping to raise around $400m through a Hong Kong IPO, according to bankers close to the situation.

Hong Kong conglomerate CK Hutchison Holdings tested the appetite of the euro corporate bond market with a dual tranche deal, which included the first tranche longer than 10 years to be issued in nearly four weeks.

South Korea’s LG Chem is looking to raise up to $735m from a pair of convertible bonds in euros and dollars with an aggressive double zero structure.

China’s plans to bring its technology firms home through China Depositary Receipts (CDR) have stoked fears that Hong Kong will lose out on some coveted IPOs. But the move is really a win for Hong Kong, as it cements the city's status as the main gateway for Chinese issuers looking to raise funds internationally.

There appears to be no stopping logistics company GLP, which is gearing up for a new Rmb1.2bn ($190.3m) Panda bond transaction, its third outing in as many weeks.

Korea’s SK Telecom Co (SKT) found exceptional demand for its dollar bond on Monday — the company’s first offshore deal in more than five years — allowing it to price with a single-digit premium.

South Korea’s Samsung SDI Co is looking to clean up its stake in Samsung C&T Corp, launching an up to W565.9bn ($530.4m) block deal on Tuesday evening.

Industrial and Commercial Bank of China raised $1.2bn on Monday from two floating rate notes (FRNs) issued through its Singapore branch, getting ahead of peer Bank of China which kicked off a jumbo Belt and Road-related transaction.

Bank of Jiujiang Co is looking for approval to float in Hong Kong, making it the second Chinese regional commercial bank to file a draft prospectus in the city this year.

China Jinmao Holdings is approaching investors in the Panda bond market with a three year Rmb3bn ($475.7m) offer this week, just a month after it sold a renminbi bond in the offshore market.

Online game streaming platform Huya is set to launch an up to $200m listing of American Depository Shares (ADS), filing a prospectus with the US stock market regulator on Monday.

Two banks are supplying a $200m loan to back a consortium’s move to take New York-listed Chinese auto rental company eHi Car Services private.