Northeast Asia

China’s Baidu is readying a dual-tranche dollar bond offering, mandating banks for the deal, while Melco Resorts Finance opened a tap of its May notes on Tuesday.

Greenland Hong Kong Holdings returned to the market on Tuesday for the second time in as many weeks, as Shandong Ruyi Technology Group Co and Hong Kong conglomerate Swire Pacific also launched dollar deals.

Best, the Chinese logistics company backed by Alibaba Group Holdings, has announced its intention to float on the New York Stock Exchange or the Nasdaq.

Instinet, the equity execution services arm of Nomura, has named Stuart Knowling as the new CEO for Asia Pacific.

Korea Development Bank is venturing out to the green financing market, launching a dollar bond at the Asia open on Tuesday.

Details around the Bond Connect are still trickling in just a week from the expected July 3 launch, with some analysts raising the spectre of a last minute U-turn by PBoC on its decision not to have aggregate quotas over the scheme.

The sub-underwriting phase of a HK$28bn ($3.6bn) financing to support the take private of Hong Kong-listed footwear company Belle International Holdings has wrapped up, with nine lenders joining original mandated lead arranger and bookrunner (MLAB) Bank of America Merrill Lynch (BAML).

FIT Hon Teng is set to launch bookbuilding for its $500m Hong Kong IPO on Thursday, according to a source close to the deal.

Haitong Securities, the Chinese brokerage and investment banking group, has applied for permission from the China Securities Regulatory Commission (CSRC) to spin off and list Haitong UniTrust International Leasing on the Hong Kong Stock Exchange.

Kyobo Life Insurance Co and Korea Hydro & Nuclear Power Co have mandated banks for new dollar outings.

Qingdao Lidong Chemical Co, a unit of petroleum products company GS Aromatics, is seeking a $60m loan in general syndication.

South Korea's Nonghyup Bank is readying investors for its annual dollar bond.