Northeast Asia

Celltrion Healthcare is on track to raise W1tr ($882.4m) as it eyes the top of guidance for its IPO, taking advantage of strong demand from international long-only funds, according to a source close to the deal.

China Aircraft Leasing Group Holdings (CALC), which made its offshore loan market debut last year, is back for a $175m aircraft pre-delivery financing.

Korea Gas Corp took advantage of an improvement in market sentiment after US Federal Reserve chair Janet Yellen spoke to Congress, sealing an $800m dual tranche deal on Thursday.

Singapore Exchange set a new record for its offshore RMB futures contract, a new RMB-denominated gold future kicks off trading in Hong Kong, and UBS Asset Management receives a fund management licence onshore.

Tianjin Tianhai Investment Co, Gemdale Corporation and CCS Supply Chain Management Co are gearing up to go offshore for funding.

The Japan Bank for International Co-operation (JBIC) found traction with a stellar four tranche offering on Thursday, gratifying investors feeling the pinch from a year that has been somewhat light on dollar supply.

The Japan Bank for International Cooperation (JBIC) hit the whole dollar curve on Thursday, launching a quadruple tranche dollar benchmark and managing to pull in spreads by 4bp-6bp on all four tranches.

The Asian Infrastructure Investment Bank (AIIB) could bring its debut bond issue as soon as the end of the third quarter this year, said public sector bankers, after the supranational on Thursday received its second triple-A credit rating.

On Tuesday Bright Food became the latest Chinese corporate to launch a euro bond in Asia. This has become a regular occurrence in recent months. However, this deal saw a higher than usual level of demand out of Europe, prompting some European bankers to speculate on what had changed the demand dynamics for this deal.

Chinese biopharmaceutical firm 3SBio has taken a step towards boosting its presence in Europe by printing its debut convertible bond, raising €300m in a rare appearance in the currency from an Asian issuer.

Greentown China Holdings made a rare visit to the debt market, selling a senior perpetual bond on Tuesday. The transaction saw blow-out demand of about $6bn for the $450m deal, allowing the leads to slice pricing by 37.5bp from initial guidance.

CJ CheilJedang Corp sold all of its stake in Samsung Life Insurance Co through an overnight block this week, raising W357.7bn ($314.2m) after the bookrunners managed to move investors up to the middle of the price range.