Ping An Real Estate's debut $300 million bond tests demand for unrated credit, alongside Hong Kong lender Dah Sing Bank's aggressively priced tier-2 bond.
Hong Kong’s tepid growth is forcing its banks to rely ever more on China for profits. That may be the easy option — but they should look further afield.
Hong Kong property company Wharf Holdings attracts an order book in excess of $4.25 billion, while Cikarang Listrindo is set to test the high-yield market.