Northeast Asia

A group of institutional investors have denounced the Hong Kong Stock Exchange’s (HKEX) proposal to bring dual-class shares to the city, urging the bourse to take another look at the risks.

The three bookrunners of a $900m-equivalent Hong Kong dollar loan for I Squared Capital’s acquisition of Hutchison Global Communications (HGC) have invited lenders to join the syndicate at a senior level.

Chinese property developer Greenland Holdings, which printed an offshore bond earlier this month, has allocated its latest syndicated loan at a larger-than-launch size of $315m.

Sisram Medical has begun sounding out investors for its $200m IPO in Hong Kong after receiving listing approval from the stock exchange, said bankers on the deal.

China Great Wall Asset Management Co has mandated a whopping 20 banks for its next dollar bond, and is planning to meet Hong Kong investors on Tuesday.

Hyundai Capital Services is kicking off the week with a dual tranche dollar deal that will be sold to investors in Asia, Europe and the US.

Lyndon Chao has been announced as the new head of equities at the Asia Securities Industry & Financial Markets Association (Asifma), replacing Nicholas Ronalds.

Ford Automotive Finance (China) has pulled off an impressive return to China’s auto ABS market. The company raised an eye-catching Rmb3.46bn ($518.4m) from its latest deal — and brought in the first crop of foreign investors tapping Chinese ABS through Bond Connect.

Zhongtai Securities Co priced its first international bond on Thursday, finding a narrow window to bag $300m before markets turned volatile once again.

JP Morgan has appointed a vice-chairwoman of global investment banking (GIB) for China as it continues to grow in the market.

Barclays is rebuilding its franchise in Asia Pacific with three senior hires focusing on the China and Japan markets, according to a memo seen by GlobalCapital Asia.

The pipeline for additional tier one issuance from Chinese banks is building up unabated, with Bank of Jinzhou receiving approval from the China Banking Regulatory Commission to raise up to Rmb10bn ($1.5bn).