Asia Pacific

China Traditional Chinese Medicine printed a Rmb1bn ($146m) 270-day super short-term Panda bond last Friday. The issuer opted for a short tenor due to the difficult onshore debt market conditions.

Bank of China rolled out a dual-currency blue bond on Monday, making it the first borrower in Asia to market a marine sustainability transaction.

PCGI and PCGI Intermediate Holdings (PCGII) are seeking approval from bondholders for a consent solicitation triggered by a corporate restructuring.

Virtual goods platform Fulu Holdings has raised HK$890m ($114.8m) after pricing its IPO at the top of the marketed range, according to a source close to the deal.

Three Taiwanese companies are testing bank appetite for new loans, as slow deal flow this year gives them enough ‘bargaining power’ to raise funds at thin margins and fees.

In this round-up, China’s August credit data offers a positive surprise, the government introduces greater control on domestic financial holding companies, and ByteDance rejects Microsoft’s offer for TikTok’s US operations in favour of a possible tie-up with Oracle Corp.

Nissan Motor made its debut in the European bond market on Friday with a €2bn deal that investors would have liked larger and differently shaped, just a day after it had issued its first ever foreign currency bond, for $8bn.

Hungary returned to the Samurai market after a two year absence on Friday to sell the first ever sovereign green bond in the market, which formed part of its ¥62.7bn (€500m) four tranche deal, which the sovereign used to extend its debt curve while also introducing a new investor base to the credit.

In this round-up, the Consumer Price Index (CPI) inflation moderates in August, the Chinese capital of Beijing opens up its financial services industry further, and Goldman Sachs is reportedly readying a deal to take full control in its China securities joint venture.

In this round-up, the foreign minister announces a global data security initiative, both American journalists and Chinese students face fresh visa restrictions, and president Donald Trump says his re-election will end the US’s reliance on China ‘once and for all’.

Credit Suisse has hired 11 researchers for Credit Suisse Founder Securities (CSFS), its Chinese joint venture securities house. The new employees are part of the bank’s bigger plan to expand its onshore presence.

Neusoft Education Technology, a private higher education provider, got the go-ahead for its IPO this week from the Hong Kong Stock Exchange.