Northeast Asia

A block in South Korea’s Kakao Corp launched on Wednesday evening could raise W198bn ($176m) for Wemade Entertainment Co.

BMW Automotive Finance (China) Co is looking to launch its first auto loan asset-backed securities of the year, with bookbuilding for the Rmb4bn ($580.7m) Bavarian Sky China 2017-1 set to kick off on April 10.

China Everbright Greentech has started meeting investors to drum up interest in its Hong Kong IPO, which could raise $500m, according to a source close to the deal.

The first meeting between new US president Donald Trump and his Chinese counterpart Xi Jinping starting Thursday could prove fateful for the bilateral relationship and China's renminbi, with the outlook remaining cloudy on what the US president's next moves might be.

Macquarie’s head of ECM origination for Asia has left the firm, sources close to the move have told GlobalCapital Asia.

Global hair goods manufacturer Evergreen Products Group is looking to float in Hong Kong, and has submitted a draft prospectus for approval with the city’s exchange.

China Petrochemical Corp was out for a 144A/Reg S transaction on Wednesday, eyeing multiple maturities, while high yield issuer Jingrui Holdings has returned to dollars after a two year hiatus.

Korea South-East Power Co (Kosep) opened books for a three year dollar bullet on Wednesday, following on the momentum from other issuers in the country.

Natixis this week named Kenneth Lee as head of its Asia Pacific DCM syndicate team.

New data from the IMF shows RMB-denominated reserves remain a drop in the ocean for global central banks.. But while experts expect the share to rise, it might not happen in the short run.

To many, the 85% collapse in the share price of China Huishan Dairy Holdings Co on March 24 came as a complete surprise. With now all of the company’s non-executive directors having tendered their resignations (in the process also effectively wiping out Huishan’s audit committee), the company’s key treasury executive still missing, and the controlling shareholder seemingly heading for the exit amid talk of margin calls, the milk producer’s short stint as a public company increasingly looks like a horror story, writes Clawback.

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