Asia Pacific

Horse racing is a way of life in Hong Kong. It is also just one part of life that has been changed dramatically by the coronavirus.

Avic International Leasing Co landed a $500m bond well inside of fair value on Wednesday, thanks to strong support from its syndicate banks.

Slowing dollar bond supply from Chinese property companies got a further blow this week after Yuzhou Group Holdings was hit with a downgrade, triggering a slump in the secondary market. With more disruptions expected, and as liquidity pressure on real estate firms rises, a repricing of the sector may be on the cards. Morgan Davis reports.

GoHo Asset Management Co returned to the debt market for a $100m bond on Wednesday.

Natixis makes senior changes to CIB, coverage teams — BofA rejigs Korea leadership

Mercedes-Benz Auto Finance has priced the senior tranche of its Rmb8.337bn ($1.28bn) auto loan ABS deal in China at an aggressive spread over the onshore benchmark and comparable trades.

China SCE Group Holdings managed to raise $300m from a narrow issuance window on Tuesday, just as sentiment started to sour around the country’s high yield property bond market.

Vietnamese conglomerate Vingroup is waiting for the greenlight from its shareholders to sell its first international convertible bond.

Bank Negara Indonesia sold a rare Basel III-compliant tier two dollar bond on Tuesday, raising $500m.

GLP China Holdings received a stronger reception than expected for its bond outing this week, allowing the logistics company to raise $700m with a small premium.

South Korea’s Daewoo Engineering & Construction Co has raised a $200m loan consisting of conventional and Islamic financing tranches, in a deal driven by Middle Eastern banks.

Science City (Guangzhou) Investment Group Co, a Chinese state-owned enterprise, raised $550m from a dual tranche debut bond sale on Tuesday.