ANZ

Chinese financial leasing firm Far East Horizon (FEH) nabbed $400m from a floating rate note on Monday that required an arduous price discovery process.

ICBC International Holdings' Thursday outing drew attention in both the primary and secondary markets. Its $700m floating rate note transaction captured a $5bn-plus book at its peak, with the bond then trading 8bp-10bp tighter in the aftermarket.

Attractive pricing in the dollar loan market is pushing Indonesian borrowers offshore, despite guidance from the country’s central bank to curb foreign currency debt exposure.

Poultry feed producer Charoen Pokphand Indonesia is talking to the lenders on two of its offshore borrowings sealed in 2014 and 2015, to cut pricing, several bankers said this week.

Korea Development Bank sold a dual-listed offshore renminbi bond on Tuesday amid volatile markets. But it achieved the largest size for a CNH bond issue in more than a month, while also pricing inside one of its peers.

Singapore’s Louis Dreyfus Co Asia has returned to the offshore market for a $500m three year revolving credit facility.

Asia’s bond market suffered prolonged bouts of volatility in the first half of the year. Bankers, credit analysts and asset managers are trying to shake off the disappointments in both the primary and secondary markets, but the signs are not good. Addison Gong reports.

The pipeline of Indian loans is building up, with Housing Development Finance Corp and Kotak Mahindra Bank seeking new fundraisings.

CCB International, a subsidiary of China Construction Bank Corp, has returned to the offshore loan market after a three-year absence for a $500m deal.

India’s Tata Motors is seeking an up to $250m loan to buy back bonds that are due in 2020.

Monica Chang, head of loan syndication at ANZ in Taiwan, has left the bank, according to sources.

Indiabulls Housing Finance has made a quick return to the loan syndications market for a $200m borrowing.