Asia Pacific

China-focused loans bankers are expecting a better year in 2021, betting on opportunities from healthcare and technology borrowers, as well as companies planning to delist. But strong competition from mainland banks and strict property regulations will cause headaches. Pan Yue reports.

It's funny what you start to miss after nearly a year without travel.

Evergrande Property Services Group, the property management arm of embattled developer Evergrande Group, was wrapping up its Hong Kong IPO on a strong note as GlobalCapital Asia went press, with proceeds of up to HK$15.8bn ($2bn) looking within reach.

China Evergrande Group got some relief from recent selling pressure this week, after convincing a large group of equity holders not to exercise a put option. It also signed up two new state-backed investors.

Natixis has named a new head of debt capital markets for Asia Pacific, following Kenneth Lee's move from the bank to Mizuho earlier this year.

Unrated real estate company Ganglong China Property Group sold its maiden dollar bond on Wednesday, nabbing $150m from the high yield transaction.

The outlook for Asian covered bond supply will have improved slightly in the wake of Tuesday’s deal from United Overseas Bank, particularly among Singaporean lenders. But issuance from Australia and New Zealand is expected to be more limited, reflecting their banks' priority to get ahead with regulatory funding.

Investors were delighted to add more exposure to Macquarie Group on Wednesday, after the Australian issuer returned to euros for its second senior deal of the year.

China Resources Mixc Lifestyle Services, the property management business of state-owned developer China Resources Land, has opened the book for its Hong Kong listing.

Ford Automotive Finance (China) and Dongfeng Nissan Auto Finance Co both returned to the onshore auto loan asset backed securities market this week, enticing investors with similar yields.

China Hongqiao Group, the world’s largest aluminium producer, raised HK$1.94bn ($249.9m) on Tuesday after increasing the size of a top-up share placement.

The allocation of Indonesian instant noodle maker Indofood CBP Sukses Makmur’s $2.05bn-equivalent acquisition loan has been finalised, after the lead banks closed the syndication earlier this month.