Northeast Asia

Sunac China Holdings has raised HK$4.03bn ($516.2m) from a top-up placement, taking advantage of its recent media focus and skyrocketing share value to bag a deal.

Citic CLSA Securities has brought in Steve Lam to helm its equity syndicate team, while also naming Nathan McMurtray to lead its charge into the equity-linked market.

Francis Giglio has been promoted to Asia Pacific head of depositary receipts at BNY Mellon, replacing Neil Atkinson who will transfer to London.

China Development Bank Financial Leasing Co is back with its second dollar bond, following its international debut in November 2014. Financial leasing firm Lionbridge Capital Co is also looking to price its debut deal on Tuesday.

The board of directors of Irico Group New Energy Corp has approved an H-share placement of up to Rmb2bn ($296.3m) to help fund some photovoltaic glass projects.

Everbright Water wrapped up its first Panda bond on July 21, raising Rmb1bn ($148m) from a five year deal in the exchange market. The company had originally planned a longer tenor deal, but backed down after considering the cost.

Chinese mobile phone maker Xiaomi has allotted its $1bn loan, fully exercising a $250m greenshoe option on the back of strong demand.

Hong Kong’s market regulator has turned down AMTD Strategic Capital Group’s application to list on the city’s stock exchange.

Jiangxu Zhongnan Construction Group Co and Weichai Power Co are eyeing the international market for foreign currency bonds, with the former planning a debut $300m three year and the latter €650m-equivalent.

Digital China Holdings is preparing to raise up to HK$1.45bn ($185.8m) from a rights issue to help fund investment in big data analysis in the healthcare industry.

Chong Hing Bank wrapped up the exchange portion of its legacy tier two bonds last Friday, soon after raising $360m from a 7.5x covered new money transaction that was buoyed by its rarity value.

Industrial Bank of Korea (IBK) began marketing a subordinated perpetual bond on Monday morning, the first dollar additional tier one note from a South Korean policy bank.