UBS

Telecommunication and mobile phone retailer Beijing Digital Telecom was forced to price its HK$883m ($114m) IPO at the bottom of guidance on June 30 as investors showed signs of deal fatigue after a rush of deals in June.

DBS and UBS brought an unusual convertible bond to market this week, pricing a Rmb1bn ($161m) synthetic renminbi deal whose coupon and principal are payable in dollars and which was also wrapped by a standby letter of credit (SBLC) provided by DBS.

Pakuwon Jati made its first appearance in the international bond market since 2006 when it priced a five year non call three dollar offering on Wednesday. Rarity value spurred demand and despite a steep price revision, the bond traded up in secondaries.

Beijing Digital Telecom opened books for its HK$1.18bn ($153m) Hong Kong IPO on June 25. With around 40% of shares already taken by cornerstone investors, the issuer is riding on the positive sentiment surrounding the company with its deal.

Beijing Urban Construction Design & Development Group launched its HK$1.11bn ($144m) IPO on June 24 — a deal that will present a challenge to investors due to a lack of comparables.

Luye Pharma Group opened books for its HK$5.9bn ($764m) Hong Kong IPO on June 23 as the leads look to take advantage of the company’s strong credentials in the healthcare sector.

Chinese online board and card game developer Ourgame International Holdings priced its HK$833m ($107m) IPO in the mid-point of its indicative price range on June 24, according to bankers on the deal.

Beijing Digital Telecom opened books for its HK$1.183bn ($153m) Hong Kong IPO on Wednesday June 25, with some anchor orders coming in on the first day. With some 40% of the deal already taken on by reputed cornerstone investors, the issuer is riding on the positive sentiment surrounding the company with its deal.

Indonesian real estate developer Pakuwon Jati opened the books for its dollar return on Wednesday, offering investors a five year non call three bond. It is the issuer’s first deal in international markets since 2006.

Tian Ge Interactive Holdings, China’s largest live social video platform in terms of total user spending, opened books for its HK$1.61bn ($208m) IPO on June 23, pricing the deal at a discount to its closest comparable.

Korea Gas Corp (KoGas) priced its third dollar deal of the year on Monday, with the issuer attracting a wave of interest despite choosing an unconventional 12 year tenor. The new bond priced well inside the borrower's curve.

Beijing Urban Construction Design & Development Group opened books for its HK$1.11bn ($144m) IPO on Tuesday, June 24 — in a deal that will present a challenge to investors due to a lack of true comparables to the railway construction company.