Northeast Asia

Game developer NetDragon Websoft Holdings has tapped the Hong Kong market for a HK$997.9m ($125.2m) top-up placement, its first public equity raise since listing a decade ago.

HSBC has appointed Joseph Incalcaterra as its chief economist for ASEAN, a newly created position at the bank.

I Squared Capital’s $900m-equivalent Hong Kong dollar loan backing its acquisition of Hutchison Global Communications (HGC) pulled in more than 20 banks during senior syndication, with more expected to join before the deal wraps up this week.

Singapore-based internet company Sea has kicked off pre-marketing for a US listing that could raise up to $1bn, according to a banker close to the deal.

South Korea’s Hanjin International is courting environmentally friendly investors for a new dollar bond, and will funnel the proceeds into refinancing debt taken for the construction of a green building.

Industrial and Commercial Bank of China is jumping on the green bandwagon, hiring firms to work on its inaugural green deal denominated in dollars and euros, to be sold through its Luxembourg branch.

How investors hedge their new RMB bond exposures was a topic of great debate ahead of the Bond Connect launch, and it is still a partially open question.

Singapore-based V3 Group has begun pre-marketing its Hong Kong IPO, which could raise as much as $400m, according to a banker close to the deal.

In an unusual debut in the Panda bond market, television manufacturer Skyworth approached investors with an equity-backed note. The effort grabbed attention and helped Skyworth bag Rmb2bn ($303.6m) – the maximum it could raise – from a five year non put three on the Shenzhen Stock Exchange on September 19.

Citi is moving an experienced banker from London to take up one of its most senior capital markets positions in Asia Pacific.

Chinese steel company Shougang Group Co is returning to the dollar debt market with a new five year bond, while Yuzhou Properties Company is drumming up interest for its debut senior perpetual transaction.

Panda bonds issued by non-red chip foreign names are being snubbed by Chinese investors with a home bias – an opportunity international investors should not overlook, Wilfred Wee, portfolio manager at Investec Asset Management, told GlobalRMB in a wide-ranging interview.