Northeast Asia

Industrial and Commercial Bank of China is back in the market with a dual tranche deal carrying three and five tenors, set to be issued through the firm's leasing arm.

Fujian Yango Group sealed its inaugural international bond on Tuesday, snapping up $300m from a guaranteed bond. A quiet debt market in Asia worked in the issuer’s favour, but it still had to pay a premium for its unrated status.

Chinese gold miner Zhaojin Mining Industry Co has raised HK$1.2bn ($156.0m) through a private placement of H-shares, according to a filing with the Hong Kong Stock Exchange.

China Huiyuan Juice Group has sealed a slightly larger than planned syndicated loan of €160m with four banks. A few more lenders are still set to join, which will further bump up the fundraising, according to a source.

Korea Expressway Corp and JSW Steel have mandated banks for new international dollar deals as the first quarter draws to a close.

China Boqi Environmental Co has begun soft sounding investors for its planned $100m Hong Kong IPO, according to a source familiar with the matter.

Moscow Exchange (Moex) and Dalian Commodity Exchange have agreed on a memorandum of understanding.

Asahi has signed a €7.4bn bridging loan for its acquisition of AB InBev’s central and eastern European business.

Guotai Junan Securities Co’s IPO in Hong Kong is sending all the right messages, but the most important one may be its smaller reliance on cornerstone investors. It has placed just under 30% of the HK$16.5bn ($2.1bn) float to six funds — a move that may well mark a turning point for oversized cornerstone allocations in the city.

South Korea’s KEB Hana Bank on Monday priced a $500m three year floating rate bond — its first after a merger — around theoretical fair value, with political turmoil in the country not denting investor sentiment.

A former Bank of America Merrill Lynch ECM syndicate banker has taken a new senior role at CEB International, as the Chinese firm develops its offshore investment banking platform, sources said this week.

Shui On Development has hit the syndications market for a $150m three year borrowing guaranteed by parent Shui On Land. The firm is the latest name to tap the bond and loan markets in quick succession.