Asia Pacific

GlobalCapital and Standard Chartered hosted a combination of virtual and in-person roundtable on the China high yield debt market at the end of November. The third part of a 2020 series followed the first roundtable in April and the second in July. This time around, leading experts came together to discuss the opportunities and outlook for the Mainland’s high yield bond market.

LBBW has hired Buck Khim Sim to join it primary markets team as part of its strategy to build up its presence in Asia.

Lamberg heads to Taipei – Credit Suisse builds up China team – JPM hires from UBS

The Guangdong provincial government sold Rmb10bn ($1.5bn) of special purpose bonds this week, creating a new form of support for small and medium-sized banks. The proceeds will provide a crucial source of funding for the country’s many capital-starved regional lenders, but there are questions about how effective the scheme will be. Addison Gong reports.

Vedanta Resources sold a $1bn bond this week, easing mounting concerns about its debt repayment abilities. The metal and mining company’s return was not easy, as it had to concede to a number of investor-friendly terms. Morgan Davis reports.

China’s Xiaopeng Motors, an electric vehicle (EV) maker, leveraged on a big boost in interest in new energy stocks from investors to raise $2.16bn from a follow-on offering of its American Depositary Shares. Jonathan Breen reports.

Chinese detergent maker Blue Moon Group has raised HK$9.8bn ($1.27bn) from its Hong Kong IPO, which saw a strong turnout from global and local investors.

Two local government financing vehicles from Jinan, a city in China's Shandong province, hit the bond market on Wednesday. They raised $380m between them.

Can we just forget 2020 ever happened? Perhaps we should get our vaccines first. An entrepreneurial travel company is offering to help those of us at the back of the queue.

Former JP Morgan banker Luke Lee has joined Sumitomo Mitsui Banking Corp’s Hong Kong office in a senior position.

Two Chinese borrowers, Beijing Construction Engineering Group and CPI Ronghe Financial Leasing, have closed syndication for their loans.

CPI Ronghe Financial Leasing, a subsidiary of Chinese state-owned State Power Investment Corp, has increased its loan size to $250m.