Asia Pacific

Chinese smart wearable technology company Huami is issuing new shares through a follow-on American Depositary Shares (ADS) offering of up to $150m.

In this round up, Chinese credit growth beat expectations in March, a deputy governor at the People’s Bank of China promised prudent monetary policy and the finance ministry announced a tax exemption for China Depositary Receipts (CDRs).

Yuyao Shuncai Investment Holding Co returned to the market for its second dollar bond sale on Friday, raising $100m from the quick trade to cap of a busy week of new issuance.

China’s Juneyao Airlines is tapping the offshore loan market for its debut borrowing of HK$1.8bn ($229m).

Bank of America announced a series of leadership changes in Japan and Australia last week.

Hong Kong’s jewellery retailer Chow Tai Fook has closed a HK$6bn-equivalent five year borrowing with 17 banks.

China Aoyuan Group has received a $162m-equivalent three year secured loan from four lenders.

Indian metals and mining company Vedanta Resources courted the market on Thursday for its first bond since delisting from the London Stock Exchange late last year. While the delisting raised some questions for investors, the deal ultimately pulled in $1bn for the issuer.

Peking University Founder Group Co has raised $300m from an ultra-tight bond.

Hong Kong oil trading business Winson Group is paying up for an up to $180m secured revolving credit facility.

Hansoh Pharmaceutical Group has refiled its long-anticipated Hong Kong IPO. The Chinese drug maker first planned to go public in 2016, and was said to be readying a roadshow for its IPO as recently as February.

China Grand Automotive Services, the parent of Grand Baoxin Auto Group, has made its debut in the offshore loan market, four months after it raised an onshore facility. The company wants to raise $420m.