Asia Pacific

Bank of Communications Financial Leasing is tapping the offshore loan market for $200m green loan, just one month after it launched an onshore facility.

In this round up, US president Donald Trump claims DC trade talks solved some of toughest problems, FX reserves rise again, and Caixin PMI brings confidence in China’s economic recovery.

Xinyuan Real Estate Co priced a $200m bond that came with a 14.2% coupon, as heavy supply continues to weigh on the Chinese high yield real estate bond market with both new issue concessions and secondary performance suffering.

During an investor day on Thursday, Nomura said it will scale back some secondary trading operations in Europe, the Middle East and Africa (EMEA), as it seeks to adapt to global challenges in the wholesale sector and the region’s slower growth.

Future Land Development Holdings’ new dollar bond crashed in the secondary market on Thursday, following an aggressively priced deal the day before. Rival bankers questioned both Future Land's pricing and the timing.

Tencent Holdings this week sold the largest dollar bond by an Asian issuer in more than a year, offering a five tranche deal that spanned five to 30 year maturities. In doing so, it also managed to achieve one of the flattest 10-30 year curves for a technology company new issue, writes Addison Gong.

China’s Changliao Inc., which owns platform Paipai, has filed a prospectus, seeking a listing in Hong Kong.

Mongolian Mining Corp raised $440m with a new 2024 bond this week, in a sale that ran in tandem with a tender offer for the coking coal producer’s two existing dollar bonds.

Asia’s syndicated loan market, which slowed in the first quarter, thanks to the US-China trade war, looming elections in south and southeast Asia and a bump in the offshore bond market, is set for an even worse three months ahead, participants believe. Bankers are now pinning their hopes on a strong second half. Pan Yue reports.

GMR Hyderabad International Airport sold its second dollar bond this week with both the size of the transaction and the pricing falling below expectations.

We can all find ourselves in embarrassing situations, like that time Donald Trump greeted cameras with a string of loo roll stuck to the bottom of his shoe. I’m usually just happy not to be the victim.

Industrial and Commercial Bank of China (ICBC) and China Citic Bank are eyeing a total of Rmb120bn ($17.9bn) perpetual bonds, adding heavy supply to a market opened by Bank of China in January.