Asia Pacific
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Chinese technology company Lenovo Group took advantage of improving sentiment and small new issue premiums on recent deals to reopen a dollar bond sold in April. It raised $350m from the tap on Thursday, but investor interest was quite muted. -
In this round-up, the US refuses to back down from accusing China of covering up the origins of the Covid-19 pandemic, but despite the rising tensions, top trade officials from the countries spoke on Friday morning.
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China YuHua Education Corp’s controlling shareholder raised HK$1.58bn ($203.8m) from a block sale of the company's shares on Thursday evening. The firm's stock slumped nearly 10% after the transaction.
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UBS has hired from China’s top banking and insurance regulator for a newly created job called China integration lead.
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Citi has raised HK$2.3bn ($300m) from a cash-settled exchangeable bond that uses Chinese property company Longfor Group Holdings as the reference stock, offering the market a rare structure for the first EB in the region this year.
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The Asian Infrastructure Investment Bank has approved a $500m loan to help India combat the Covid-19 pandemic, as the number of cases in the country surpasses 56,000.
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AAA Oils and Fats, the trading subsidiary of Singapore-based palm oil processor and distributor Apical Group, has returned to the offshore loan market for a $900m refinancing.
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Rentenbank jumped into a quiet Kangaroo market on Thursday to print its first Australian dollar bond since August 2019.
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Macau casino operator SJM Holdings is in talks with lenders for covenant waivers on a HK$25bn ($3.2bn) facility, as it faces delays over opening a new resort in Asia’s gambling hub.
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Next week’s Woolworths deal, the first Australian dollar bond from a corporate since the end of February, could be a bellwether for issuance in the market.
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Yihua Enterprise Group Co has defaulted on a Rmb1bn ($141m) domestic bond. It blamed the missed interest payment on the Covid-19 pandemic, but its financial health has been in question since last year.
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A pair of investors in Chinese hotpot chain Haidilao International Holding sold a chunk of shares in the company on Wednesday, netting HK$1.56bn ($201.3m) from the trade.
