Asia Pacific
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Hong Kong’s government returned to the green bond market with a $2.5bn triple-tranche deal this week, making the most of growing investor demand for sustainable investment opportunities. Morgan Davis reports. -
Tencent Holdings is testing bank appetite for a jumbo loan of $6bn as it gets ready to once again shun syndication in favour of a club deal. But the razor-thin pricing on offer is likely to pose a challenge — as will a recent crackdown on some of China’s largest technology companies. Pan Yue reports.
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Casino operator Genting New York priced a $525m bond on Wednesday.
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The Lao People's Democratic Republic has postponed its dollar bond sale for the second time in as many months, this time to provide investors with more information.
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Hainan State Farms Investment Holdings Group Co debuted in the dollar market on Wednesday with a three year bond.
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Chinese property company Kaisa Group Holdings raised $200m from a rapid return to the debt market this week.
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The Republic of Armenia sold a $750m 10 year bond on Tuesday, which market participants said was “expensive” for investors, with a negative new issue premium of 10bp.
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Adani Ports and Special Economic Zone managed to seal its $500m 10 year deal inside fair value on Tuesday, despite investor concerns about the company's environmental and social record.
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The Hong Kong government cemented its green credentials further this week with a $2.5bn triple-tranche bond outing.
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China Education Group Holdings sealed a HK$2.03bn ($261.3m) top-up placement this week, raising capital for the expansion of its school network. But its stock took a hit in the aftermarket, dropping more than 10%.
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GMR Hyderabad International Airport swooped into the bond market on Tuesday for $300m, adding money to its coffers ahead of an expectation of a revival in passenger growth.
