Asia Pacific
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Development Bank of the Philippines (DBP) ended a 10-year absence from the dollar bond market for a $300m deal on Tuesday, managing to woo investors with just a small premium. -
Online car marketplace Autohome has launched the roadshow for a secondary listing in Hong Kong. The float of new and existing stock could raise up to HK$7.6bn ($983.2m).
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Two companies have brought out green and sustainable bond frameworks this week that take the product in new directions — EU Taxonomy compliance and introducing a completely new word to the sustainable finance lexicon: “woven”.
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Trading levels given are bid-side spreads versus mid-swaps and/or an underlying benchmark and bid-yields from the close of business on Monday, March 1. The source for secondary trading levels is ICE Data Services.
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Chinese companies mulling new loans are taking inspiration from the recent thinly priced deals from technology giants Tencent Holdings and Baidu to push pricing down on their own transactions. This is a risky proposition.
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A bout of volatility in US Treasury rates has slowed down primary bond flow in Asia and forced borrowers to pay up for their deals. While the turbulence has kept issuers at bay, it will offer a much-needed reset for the region’s bond market.
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China’s Huadong Medicine Co has turned to the loan market for the first time.
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Dr Peng Telecom & Media Group Co has extended the maturity of its dollar bond until December 2022.
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Taiwanese semiconductor company WT Microelectronics is planning to return to the loan market after almost eight years.
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Hang Seng Indexes Co is planning to double the stocks in its flagship index, a move that will better represent the increasing number of Chinese companies on the bourse.
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DBS Group Holdings navigated choppy market conditions for its first tier two dollar bond in more than two years on Monday, using its strong credentials and rarity value to its advantage.
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Indonesian motor vehicle financing company Indomobil Finance Indonesia is sounding out the market for a loan return. It has opted for a club deal this time around.
