Asia Pacific

China General Nuclear Power Corp (CGNPC) is eyeing the dollar bond market for the second time this year, having mandated banks to work on investor meetings.

VietinBank, one of the four largest state-owned commercial lenders in Vietnam, has doubled the size of its latest borrowing to $200m after fully exercising a greenshoe option.

The central bank of Laos is making its debut in the syndicated loan market for a facility of $100m-$200m, as the country seeks to diversify its funding sources.

Beijing Automotive Group (BAIC) and Rizal Commercial Banking Corp (RCBC) are venturing into the international debt market, opening books for their respective euro and dollar bonds.

The PBoC cut its benchmark interest rate and bank RRRs Friday but said the move did not amount to quantitative easing. Short-end swaps have been well offered in response and the curve has flattened. Sources have recommended watching currency market developments closely, writes Deirdre Yeung of Total Derivatives.

Wenzhou Kangning Hospital Co is set to pre-market its $100m Hong Kong IPO on October 26, with investor education slated to run for about two weeks before bookbuilding starts.

A shareholder in Hong Kong-listed Phoenix Healthcare Group has raised HK$894m ($115.35m) by selling some of his shares in the company via a block trade.

South Korea’s Jeju Air has wrapped up bookbuilding for its W154bn ($130m) IPO, which saw local investors clamouring for a piece of the action.

Bookrunners on a S$192m ($137.8m) loan for Citic Envirotech are sounding out a select group of banks to join the deal in syndication.

China Huarong Asset Management pulled off a HK$17.83bn ($2.30bn) IPO on October 22, pricing one of Hong Kong’s largest listings this year just a few cents off the bottom of the initial range. But the price tag has sparked debate among bankers, with some saying the issuer was pushing its luck.

In this round-up, the Swiss franc set to become directly convertible with RMB, CCB gets a Zurich branch, QDII2 could launching in Shanghai FTZ, booming RMB trade in Korea, Los Angeles tries to get the edge, DBS launches in Qingdao to leverage Belt and Road plans, and CSOP launches two new China ETFs in New York.

Sino-Singapore Tianjin Eco-city (SSTEC) has completed its debut foray into the offshore bond market this week, raising Rmb1bn ($157m) from a three year offering. The debutant was able to piggyback on the success of recent dim sum outings from Chinese financial institutions.