Asia Pacific

BMW Automotive Finance bagged Rmb8bn ($1.14bn) from a three tranche auto loan ABS transaction on Tuesday. The deal was priced tightly despite difficult market conditions in China.

Charoen Pokphand Indonesia is gauging appetite among a select few existing lenders for a new $307.9m-equivalent dual-currency loan.

China Merchants Securities is planning to tap the Mainland and Hong Kong markets for a pair of rights issues that will raise a combined Rmb14.99bn ($2.13bn).

Shimao Group Holdings offered bond investors a rare 10 year tenor from the Chinese property industry, pricing the $300m deal inside of fair value.

Property developer Modern Land (China) Co has returned to the green market with a $250m bond.

Chinese issuers hoping to put the pandemic behind them should not abandon coronavirus-linked bonds.

Tahoe Group Co was unable to repay a Rmb1.5bn ($213.4m) onshore bond on Monday, as it struggles with tight liquidity, limited market access and poor corporate governance.

One Equity Partners made its exit from Korea’s Celltrion Healthcare on Monday evening, cashing out of a stock that has rallied by about 97% over the past year.

Philippines issuers continued to add to the bond market this week, with BDO Unibank breaking a three-year hiatus for $600m.

Sunac China Holdings met some of its looming dollar refinancing pressure with a $1bn bond outing on Monday.

Chinese property manager Times Neighborhood Holdings raised HK$786.9m ($101.5m) on Monday from an accelerated share placement.

Shinhan Financial Group raised $500m from a Covid-19 resilience social bond on Monday, finding support from investors keen to buy deals sold to help businesses and people impacted by the pandemic.