Hang Seng

A temperamental market beat down yet another transaction yesterday, with Kia Motors pulling its $300 million transaction. Meanwhile, Hang Seng managed to price its deal thanks to a defensive instrument and a strong credit rating.

Hong Kong largest property trust is set to mandate a dual tranche bond offering early this week, but the market must first wait until the Link REIT decides which deal it wants to bring.

HSBC helps Hang Seng price a new lower-tier 2 offering in line with price guidance.

The Hong Kong bank is looking at increasing its capital adequacy ratio in order to support future loan growth.