Asia Pacific

Guangzhou R&F Properties Co made a rapid return to the debt market this week for a $325m bond that proved popular with investors in the primary and secondary markets.

Handelsbanken is set to return to the Australian dollar market for the first time in nearly two years this week, as Aussie dollar senior paper rallies thanks to the long term absence of funding from the market's major domestic banks.

Indiabulls Housing Finance has brought a rare Indian convertible bond to the market, raising $150m after increasing the size of its debut offering.

The Export-Import Bank of Korea has returned to the offshore renminbi (CNH) bond market after nearly three years, to take advantage of a recent rally in the CNH swap rate and investor demand for high quality Korean deals.

Agricultural Bank of China (ABC) took a three-pronged approach to its deal on Tuesday, raising nearly $1bn across two dollar bonds and one Hong Kong dollar tranche. The bank was able to squeeze the spread on its notes to new lows, riding on the strong secondary market performance of deals from the big Chinese banks.

SK Holdings pocketed W1.12tr ($1bn) from a block trade of SK Biopharmaceuticals, but the deal hit the South Korean drug company’s share price hard, sending it tumbling more than 17%.

Toyota Motor Finance (China) Co plans to launch its first auto loan securitization deal of 2021 under the Toyota Glory series next week. The originator will open the onshore auto ABS market after the Lunar New Year break with a Rmb5bn ($774m) transaction — its largest to date.

HSBC's global banking and markets division (GBM) plans to invest in Asia and plug more than half its risk-weighted assets (RWAs) in the Apac region and the Middle East by 2022, the bank outlined when reporting its full-year results on Tuesday. Meanwhile, in the final three months of last year, global banking revenues fell year-on-year, but proceeds from equities more than doubled.

Hong Kong-listed Hope Education Group has tapped equity investors for $595.5m from a combined top-up share placement and debut convertible bond.

China Merchants Group’s leasing subsidiary has returned to the loan market for a $479.75m borrowing.

The huge retail investor demand for some recent Hong Kong IPOs has caught the stock exchange’s attention, leading to an investigation into how retail accounts place orders. The move will offer some welcome relief to institutional investors losing out on some of the city’s largest listings.

Bank of Qingdao has become the latest Chinese bank looking to sell tier two bonds in the onshore market, as the country's lenders step up their issuance this year.