Northeast Asia

China’s Yuzhou Properties pulled off a $300m bond on Monday, navigating a choppy equities market that saw stock prices of many Hong Kong-listed developers plunge amid cooling measures from the Mainland regulators.

Nan Fung International Holdings managed to get the best of both worlds on Monday, finding the ideal price for its bond while also bagging a size within its target.

Four mandated lead arrangers and bookrunners have rolled out Chinese e-commerce firm JD.com’s debut borrowing into syndication at razor-thin pricing levels.

Chinese steel maker Shougang Group Co took advantage of an impressive rally in its outstanding notes to bag a new bond on Monday, with a strong peak order book of $4bn allowing it to slash pricing substantially.

In the latest Clawback, columnist Philippe Espinasse puts the Hong Kong Stock Exchange’s (HKEX) recent consultation paper on capital raisings by listed issuers under the microscope.

Unis Leasing, a unit of Shenzhen-listed technology company Unisplendour Corp, has approached offshore banks for the first time with a $100m syndicated borrowing.

Hang Lung Properties is preparing its first Panda bond, aiming to raise Rmb2bn ($302.7m) from a three year note on the interbank market.

Paper and pulp company APP China is testing investors’ appetite for an unrated dollar bond, about 15 years after its Indonesian parent Asia Pulp & Paper Group defaulted on close to $14bn of debt.

CK Hutchison Holdings is wooing dollar debt investors for the third time this year, opening books for a triple-tranche deal on Tuesday morning.

Chinese state-owned Qinghai Provincial Investment Group Co is returning to the debt market for the third time in 2017, but is opting for a short-term note this time around.

Renminbi internationalisation could give China greater influence over global asset prices in the next decade, but only if regulators can manage to internationalise the currency without destabilising its exchange rate, according to KPMG and Global Financial Markets Association (GFMA).

Citi is planning to add at least 25 bankers to its Belt and Road coverage team over the next couple of years amid a pick-up in interest from clients.