UBS

The Asian IPO market has picked up a notch this week, with Shanghai Haohai Biological Technology opening books for its Hong Kong listing and others across the region also preparing deals.

China’s Legend Holdings has filed its much-awaited draft prospectus for an IPO worth $2bn-$3bn, as the Lenovo owner eyes a June listing.

Changing investor attitudes towards contractual point of non-viability allowed Commonwealth Bank of Australia to draw a solid order book for a euro tier two deal on Wednesday.

Indonesia’s Bumi Serpong Damai (BSD) has kicked off a roadshow on the week of April 13 ahead of its first outing to the offshore debt market with a five year dollar bond.

Shanghai Haohai Biological Technology has put into action its plans for a listing on the Hong Kong Stock Exchange, opening books for a HK$2.36bn ($304m) IPO on April 15.

China Communications Construction Co (CCCC) made a successful debut in the international bond market on April 14 with a senior perpetual bond. Its rarity value, attractive pricing and great timing drew huge demand from investors, which allowed the issuer to achieve the lowest coupon for a senior dollar perp in Asia.

The FIG market could be set for a spate of issuance from the eurozone’s periphery in the coming weeks, with bankers tipping other financial institutions to follow Spanish pair CaixaBank and Ibercaja into the primary market.

Singapore’s GIC made a complete exit from Hong Kong-listed Far East Horizon on the evening of April 13, netting HK$506.77m ($65m) in the process, with pricing driven by funds’ desire for a lucky number.

China Cinda Asset Management has seen yet another shareholder trim its stake, with UBS netting HK$1.90bn ($245m) via a block on the evening of April 13. The number of shares offloaded were lower than the bank’s target during launch, as the seller stayed focused on getting the best price possible.

China Communications Construction Co (CCCC) has opened books to its maiden deal in the international bond market, having chosen a rare senior perp structure for a debut issue.

Global commodity company Ecom Agroindustrial has sealed its latest 364 day revolver at $470m, higher than the launch size of $300m.

Chinese brokerage HTSC has kicked off preparations for its $1.5bn-$2bn Hong Kong IPO, starting conversations with potential cornerstone investors this week.