Northeast Asia

Hyundai Capital America raised $800m from a dual-tranche issuance on Wednesday, the same day that chemical giant China National Chemical Corp walked away with more than $6bn from the market.

China National Chemical Corp (ChemChina) enlisted the help of eighteen lead managers to sell a six tranche dual currency on Wednesday. The company initially announced five dollar and euro tranches with tenors ranging from three years to 10 years, before adding a 30 year tranche.

Singapore sovereign wealth fund Temasek Holdings has raised W1.07tr ($1bn) after offloading stock in South Korean pharmaceutical company Celltrion and its distribution arm Celltrion Healthcare in a pair of overnight block sales.

Power Construction Corporation of China (PowerChina) sealed a two times covered senior perpetual bond on Tuesday, despite overall weak sentiment for such notes in a rising rate environment.

China Minsheng Banking Corp’s Hong Kong branch has raised $1bn from a dual-tranche transaction. While the fixed rate portion was supported by Mainland banks, demand for the floating rate note (FRN) was yet another testimony of the market’s deep interest in the format.

China Foreign Exchange Trade System (CFETS) has added the central limit order book and executable streaming price features to the onshore interbank FX market — a move which helps close the gap in FX trading technology between China and the international markets.

HSBC has wooed Mark Ma back to its leveraged and acquisition finance team in Asia, poaching him from Platinum Equity, a firm that specialises in mergers and acquisitions.

Chinese live streaming platform YY is looking to take its online game broadcasting platform Huya public with a US IPO.

Nomura has appointed Yo Akatsuka as its new global investment banking head, amid an annual management re-shuffle, according to an announcement on Tuesday.

China Power International Development, a subsidiary of state-owned power company State Power Investment Corp, is raising a $500m three year bullet loan.

Derivatives exchanges around the world reported strong February volumes this week, potentially painting a rosy picture for the year ahead as markets seem set to return to higher volatility.

Korea Development Bank found a very different response to its bond outing this week versus its last transaction in September, with investors eating up its $1bn fixed and floating rate combination deal.