Northeast Asia

Peer-to-peer lender China Rapid Finance is eyeing the bottom half of guidance for its US IPO, giving it a possible size of up to $105m, according to a banker working on the deal.

Hong Kong-listed Singamas Container Holdings has signed its latest syndicated loan at $270m, higher than the $250m it set out for when the deal was launched in late February.

Landing International Development has wrapped up a HK$5bn ($643m) rights issue, but a low turnout from shareholders meant one of the underwriters had to step in.

State Grid Corporation of China opened books for a four tranche dollar bond on Wednesday morning, comprising three, five, 10 and 30 year portions.

Law firm Clifford Chance has appointed five new partners in Asia Pacific, including one capital markets specialist, according to a Tuesday press release.

ASM International has bagged HK$2.15bn ($276.2m) after selling a block of shares in its Hong Kong-listed arm ASM Pacific Technology.

Netmarble Games produced South Korea’s largest IPO in seven years last week, in a deal many are hailing as a shining light for Asian ECM. But the optimists should be realistic about Korea. The success of the game maker’s W2.7tr ($2.4bn) IPO is an isolated case and unlikely to lead to a revival in domestic listings.

South Korean budget airline Jin Air is planning to raise at least $200m from an IPO in 2017, according to a source close to the deal.

The increasing competition between foreign asset managers in China is creating new winners and losers, though JP Morgan managed to hold on to the top spot for the second year running, according to a report by Z-Ben Advisors. The survey also shows that Asian asset managers are lagging behind their European and North American peers.

China’s State Development & Investment Corp started collecting orders for its new dual tranche offering on Tuesday morning at the Asia open, with the company set to debut in the dollar bond market.

Decker & Co, a US-based institutional equities broker that focuses on Asia, has made several new hires to expand its coverage in China and Japan.

South Korean game developer Netmarble Games has wrapped up its W2.7tr ($2.4bn) IPO, the largest in the country in seven years, on the back of a flood of demand.