Northeast Asia

China Resources Land is coming back to the Panda market with a Rmb6bn ($941.6m) three year deal.

Bank of America Merrill Lynch’s Akram Zaman is returning to the US after a three year stint in Asia to head the equity syndicate desk in New York, according to sources.

UBS has made senior level changes to its Asia Pacific M&A and natural resources teams in a bid to boost its market position and client coverage.

Guotai Junan International raked in HK$1.99bn ($255.2m) from an H-share placement on Wednesday, its first tap of the equity capital markets in over three years.

Chinese companies Xiamen Xiangyu Group Corp and Shimao Property Holdings each raised $500m on Tuesday, but saw different reactions to their bonds. While investors were keen on the former investment grade rated name, demand for the property industry is starting to see some pull back.

Indonesia’s Medco Energi Internasional and China’s GCL New Energy Holdings bagged $500m each from debt investors on Tuesday, showing the appeal of the commodities and renewable industries.

Hong Kong’s stock exchange wants to make technical — but undoubtedly important — changes to Bond Connect, putting increasing emphasis on expanding its fixed income and currencies product offering, said Charles Li, the exchange’s chief executive.

The first Hong Kong IPO to have dual-class shares could come as early as this autumn, the head of the city’s bourse said this week.

Chinese data centre operator GDS Holdings has opened a follow-on placement of its American Depository Shares (ADS), eyeing around $200m.

Onshore investors forced red chip issuer Country Garden Holdings to pull a Rmb1.8bn ($281.2m) three year bond on Tuesday. It would have been the real estate company’s first deal in the Panda market since September 2016.

Shenzhen International Holdings has raised Rmb300m ($46.9m) from a five year non put three Panda bond. The deal, which marked the issuer’s first outing in the asset class, was also the first Panda to list in the exchange market in 2018.

Dongying Fangyuan Nonferrous Metals Co has made a rapid return to the dollar loan market, seeking commitments for a $100m one year facility.