Asia Pacific

Trade & Development Bank of Mongolia (TDBM) is on track to become the first Mongolian name in the dim sum market. The bank has arranged a series of fixed income investor meetings beginning on Thursday in Hong Kong and finishing on Friday in Singapore for its proposed Reg S senior notes offering.

Thursday’s suite of covered bond issues from Australia and Switzerland underscored a growing impression among bankers that pricing core transactions is taking more forethought and effort. Whereas deals were invariably easy to price last year, demand seems to have become more finite. Books are taking longer to build as investors need more cajoling to meet issuers’ funding targets, in stark contrast to peripheral credits.

In this week’s round up of offshore renminbi news, Hong Kong deposits continue to rise, banks prep for Shanghai Free Trade Zone launch, and the IFC gets access to China’s interbank bond market.

Trade & Development Bank of Mongolia (TDBM) is on track to become the first Mongolian name in the dim sum market. The bank has arranged a series of fixed income investor meetings beginning on Thursday in Hong Kong and finishing on Friday in Singapore for its proposed Reg S senior notes offering.

Bank of China (London Branch) joined the rush of Chinese names entering the dim sum market to take advantage of the strengthening renminbi on Wednesday.

Founder Group has set an initial price guidance for its debut dims sum outing divergence between on and offshore renminbi rates creates opportunities for Chinese borrowers.

Bank of China (London Branch) joined the rush of Chinese names entering the dim sum market to take advantage of the strengthening renminbi on Wednesday.

Founder Group has set an initial price guidance for its debut dims sum outing divergence between on and offshore renminbi rates creates opportunities for Chinese borrowers.