Asia Pacific

Chinese real estate developer and defaulter Tahoe Group Co has told lenders and bond investors not to expect payment as the company grapples with a difficult restructuring.

Yunnan Construction and Investment Holding Group relied on anchor orders for its maiden $500m bond this week.

Chinese property developer Skyfame Realty Holdings grabbed $87.5m from a 364-day bond on Tuesday.

Chailease International Finance is approaching a large group of banks for a new $250m loan. This is in a bid to attract lenders, as other units under its parent company have already tapped the offshore market three times this year.

Melco Resorts Finance was forced to pay a premium to secure orders for its $500m bond this week amid a wider underperformance of recent casino deals.

Chinese online travel company Trip.com Group has bagged $500m from its debut tap of the equity-linked market.

CCB Leasing (International) Co issued a $500m bond on Tuesday, making it the latest Chinese financial borrower to tap the debt market.

D8 Holdings, a special purpose acquisition company (Spac), has raised $300m after increasing the size of its US listing.

South Korea’s Doosan Infracore Co used a guarantee from Korea Development Bank to sell a $300m three year bond on Tuesday.

Troubled lender Yes Bank has hit the market with an issue of fresh equity, with the deal covered at the open by pre-launch demand, according to bankers close to the trade.

Indonesian state-owned electricity company Perusahaan Listrik Negara has changed tack on its loan plans in a bid to seal thinly priced deals in a difficult market environment, writes Pan Yue.

Demand for Australia and New Zealand’s first syndications of their 2020-21 fiscal year was high on Tuesday, with both issuers printing their second largest ever deals.