Northeast Asia

Fixed income investors had plenty digest on Thursday with a total of seven Chinese issuers vying for attention. The majority are eyeing dollars but two names are venturing into offshore renminbi.

The International Swaps and Derivatives Association has published a document to help market participants navigate the challenges of trading with counterparties in China.

Junson Development International launched a block on Wednesday evening to offload some of its stake in Longfor Properties Co for a potential HK$1.8bn ($232.1m).

China Minsheng Hong Kong International Leasing’s $200m new money loan, which is due to close by the middle of this month, has obtained commitments from three banks on top of the leads.

Korea Development Bank raised $1bn from a dual-tranche offering on Tuesday, achieving one of the narrowest spreads for the country’s issuers since 2008. And by using a pretty aggressive strategy, KDB priced its 10 year at a tighter spread than its three year notes.

China First Capital Group is planning to raise as much as HK$796.2m ($102.7m) from a placement, according to a filing on the Hong Kong Stock Exchange.

The quota system under the RMB qualified foreign institutional investor (RQFII) scheme has undergone a total revamp, the Chinese regulators announced on September 5. While the rules represent a further harmonisation of RQFII and QFII schemes, market participants still see obstacles to Chinese assets entering global indices.

The South Korean subsidiary of Japan-based footwear retailer ABC-Mart is making its third attempt to list on the Korea Exchange.

China South City Holdings (CSC) raked in $200m from its Tuesday bond outing in what was a busy day of issuance in Asia’s primary debt market. The competition took a toll on the deal, as demand for the high yield property name was lacklustre.

Drug company Jacobson Pharma Corp has fired up its Hong Kong listing, which could raise up to HK$753m ($97.1m).

Inner Mongolia Energy Engineering Co is planning to float in Hong Kong, filing a draft prospectus with the city’s stock exchange on Monday.

Korea Development Bank was courting investors on Tuesday for its fixed rate dual tranche dollar offering, replicating the SEC-registered format used for its January outing.