Asia Pacific

Greenko Energy Holdings found ample support for its $950m dual-tranche bond, thanks in part to the duration it offered investors, as well as the positive sentiment surrounding India.

Chinese local government-owned Dalian Deta Holdings Co has debuted in the international bond market for $300m, while repeat issuer KWG Group priced a tight transaction on Monday.

As core markets in the northern hemisphere begin to cool, SSA issuers are looking towards a Kiwi and Aussie periphery unaffected by the summer close.

India’s Oil and Natural Gas Corp has launched a $500m loan into general syndication to pay back a bond maturing this year.

Singaporean commodities company Trafigura has returned to the loan market for its annual borrowing, seeking a $1bn-equivalent to test the market’s appetite for the deal.

Chinese real estate developer Zhenro Properties Group has raised HK$1.21bn ($154.8m) from a top-up share placement.

Geely Automobile Holdings has made a rapid return to China’s auto loan ABS market with a Rmb4bn ($581.5m) deal that was a hit with the onshore arms of international banks. While the class A1 tranche was priced tightly, the issuer had to pay up for the mezzanine portion.

Concerns around some Indonesian and Chinese credits, including Delta Merlin Dunia Textile and China Minsheng Investment Group, have put a dent in investor sentiment in Asia with bonds underperforming in the secondary market.

China Citic International Bank’s Crystal So has joined Shanghai Pudong Development Bank to lead its loan syndication team, according to a source close to the move.

In this round-up, the Shanghai Star market officially opened on Monday morning, the People’s Bank of China, the China Securities Regulatory Commission and the China Banking and Insurance Regulatory Commission formally announced 11 market reform measures, and the Mainland made the largest sorghum purchase from the US since last April.

In response to requests from market participants, GlobalCapital has extended the closing date of its poll to determine the 2019 winners of its Sustainable and Responsible Capital Markets Awards. Market participants can now vote until July 26.

National Australia Bank has hired Ross McEwan as its new group CEO, as the bank seeks to improve its reputation after a damning report criticised its conduct.