Northeast Asia

Shaanxi Xixian New Area Fengxi New City Development and Construction (Group) Co was the lone name out in the Asia dollar debt market on Thursday following a frenzied start to the week.

Hong Kong’s Dah Sing Bank raised $250m from a tier two deal on Tuesday, finding support from investors that were familiar with its credit.

Ping An Real Estate raised $300m in its debut deal, relying on the security of anchor investors before opening its trade on Tuesday morning.

Selfie touch-up app Meitu is just days away from launching what will likely be the largest technology listing in Hong Kong since 2007, having started feeling out demand for a $750m IPO.

Studio City Company, which runs a gambling and entertainment resort in Macau, hit the jackpot on Tuesday as US investors poured money into both tranches of the company’s new bond.

The renminbi did not have a good October as it was overtaken by the euro as the second most active currency for trade finance, according to Swift’s latest RMB tracker.

Chinese issuers stormed the primary debt market on Wednesday with Export-Import Bank of China, China Aluminum International Engineering Corp (Chalieco) and Changsha Pilot Investment Holdings Co among the borrowers attracting bids.

Tsinghua Unigroup is making its debut in the loan market with a $300m facility, as it looks to build relationships with banks as part of a strategy to expand internationally.

Derivatives exchanges are making a push on natural gas with three new initiatives unveiled, amid expectations that demand to trade such products across global markets is set to grow.

United Laboratories International Holdings returned to the equity-linked market in style on Monday after a five year absence, raising $130m from a convertible bond.

Free trade zone (FTZ) bonds are finally about to emerge in China, with the Shanghai Municipal Finance Bureau releasing a set of guidelines on the underwriting process of the city’s upcoming transaction.

ICBC London raked in $500m from a new three year floating rate note on Monday, as the strength of its credit helped muster strong buy-side demand.