Asia Pacific

Unrated CEFC China Energy Company and China Energy Reserve and Chemicals Group are wooing investors for their respective dollar-denominated notes, with the former making its debut and the latter returning for a second time this year.

Bank of Baroda has rolled out its $300m three year into general syndication with the help of four leads. Pricing is close to what State Bank of India, the country’s largest lender, paid for its last three year facility.

Deutsche Bank’s head of equity-linked origination for Asia is transitioning to a new role within the firm, according to sources close to the matter.

Central American development bank Cabei will look to price its first Australian dollar bond on Thursday after announcing price guidance of 180bp over ASW for a proposed 10 year deal.

It has been the year where Chinese banks went from challenger to champion in Asian investment banking. Growing almost as fast have been the complaints from international rivals. Bankers at global firms may not like the methods but Chinese banks are liquid and they are here to stay: it’s time to adapt.

Hong Kong Broadband Network has wrapped up its latest syndicated loan, with 22 participants joining the four mandated lead arrangers and bookrunners.

The ability to tap into a liquid CNH swap market is one of most important considerations for international companies with operations in China such as IKEA, according to a joint report from the Hong Kong Monetary Authority and InvestHK.

The Dubai Gold and Commodities Exchange has signed up the Industrial and Commercial Bank of China as a clearing and settlement bank, which it hopes will ease its introduction of Shanghai gold futures.

The European Bank for Reconstruction and Development has priced the first non-domestic Kazakh tenge inflation-linked bond, raising the equivalent of $99m on Monday.

China Aluminum International Engineering Corp (Chalieco) and Ping An Real Estate are conducting roadshows this week to test investor interest for new dollar offerings.

China’s Yancheng Oriental Investment & Development Group Co priced its maiden dollar-denominated offering on Tuesday off strong anchor orders post roadshow.

China Huarong Asset Management went three for three on Tuesday, raising $3bn over three tranches in its third deal of the year. But given the timing of its transaction, the bad debt manager was forced to pay a juicy premium as markets remain volatile after the US election.