Asia Pacific

The World Bank raised NZ$550m ($369.9m) with a rare seven-year New Zealand dollar bond, breaking the record for the largest Kauri bond at that maturity or longer.

Bank of China printed Asia’s first blue bond on Monday, with plans to use the roughly $940m raised to benefit ocean-related sustainability projects.

Bank of China has opened a new area of sustainable investing with Asia’s first blue bond. The excitement over the potential for sustainable ocean-related financing in the region is justified — but the market should temper its expectations.

Bonds sold on Monday by Chinese conglomerate Dalian Wanda Group Co and property developer Logan Group Co have underperformed in the secondary market.

Indiabulls Housing Finance has raised Rp12bn ($163.8m) from an issue of new stock and the sale of a stake in UK firm OakNorth Holding.

China National Chemical Corp (ChemChina) made a splash in the bond market this week with a dual currency five-tranche deal that raised close to $3bn.

Bank of Communications Financial Leasing has returned to the loan market, inviting banks to join a $300m three year green deal.

China Evergrande New Energy Vehicle Group raised HK$4bn ($516.1m) on Monday from a top-up placement that won the backing of heavyweight names in the technology industry.

Ming Yuan Cloud Group Holdings, a Chinese property sector-focused software company, has kicked off its Hong Kong IPO worth up to HK$6.2bn ($796.3m).

Singapore’s agribusiness company Wilmar International as well as Hong Kong conglomerate Swire Pacific have both raised sustainability-linked loans.

A senior investment banker has left HSBC to join Bank of America as part of its China leadership team.

US-listed Zai Lab and ZTO Express (Cayman) are set to launch secondary offerings in Hong Kong. Both the companies filed their final listing documents with the city’s bourse.