Asia Pacific

International loans from Chinese borrowers have gained pace, with a number of deals being launched into syndication recently. Liquidity is ample and bankers are confident of deal success — but some caution is essential.

China’s state-owned Zijin Mining Co is once again attempting to boost its relationship with international banks with a new $500m loan in syndication.

Debut Chinese borrowers are steadily returning to the dollar loan market, taking advantage of economic recovery in the country to raise money to finance their capital expenditure.

Country Garden Services Holdings rode on strong institutional investor demand to raise $2bn from a combined equity placement and convertible bond issue this week.

Frasers Logistics & Commercial Trust has raised S$335.8m ($253.05m) after pricing a placement of new units at the top of the marketed range.

Three Chinese borrowers and one Hong Kong issuer hit the international bond market on Monday, getting ahead of a pick-up in deal flow expected in the rest of the week.

AMTD Digital, the digital unit of Hong Kong-based AMTD Group, has set in motion a $100m IPO on the New York Stock Exchange.

BNP Paribas has made two appointments to its global markets team in Asia Pacific.

Frasers Logistics & Commercial Trust kicked off a one day follow-on offering of new stock on Monday, aiming to raise at least S$299.8m ($225.3m).

South African bank Investec is inviting Asian lenders to join a $450m sustainability-linked loan that is being syndicated globally.

Credit Suisse has appointed Alois Müller as head of private and alternative markets for Asia Pacific, a newly created position, according to an internal memo seen by GlobalCapital Asia.

Indonesia's dollar bonds were among the top performing investment grade notes in Asia last week, buoyed by signs of the country’s recovery from the pandemic.