Asia Pacific

Chinese company Avic International Leasing has returned to the offshore loan market for a $200m borrowing, according to a banker who has received the invitation.

South Korea’s Busan Bank raised Rmb500m ($78.62m) from its first Formosa bond last Friday, taking advantage of the arbitrage opportunity to swap the deal back to dollars.

The Asian Development Bank (ADB) is struggling to find the long term RMB funding it needs in both onshore and offshore markets, treasurers at the development bank told GlobalRMB at their head office in Manila.

Chinese property developer Kaisa Group Holdings has tapped Edward Lau Fu Keung, a former Deutsche Bank employee, as its chief financial officer.

Welcome back to our Monday newsletter. In this round-up, Trump dream team hits Great Wall, Bond Connect flows keep growing and new Shanghai Stock Exchange chairman is appointed.

Property firm Greentown China Holdings has returned to the offshore debt market for a $630m term loan to refinance a similar deal sealed in 2016.

A handful of Chinese investment grade rated state-owned companies are gauging investor appetite for new deals amid a weak market backdrop.

China’s stock market regulator has published draft rules for the issuance and listing of China Depositary Receipts (CDRs).

After opening the Panda bond market in the mid-2000s, International Financial Corporation (IFC) has been absent from the asset class for over a decade. But Jingdong Hua, treasurer at IFC, told GlobalRMB that this could change — if China lets the issuer use its own accounting standard again.

Keppel DC Reit opened books on Monday morning for an accelerated bookbuild worth S$303.1m ($227.6m), as it seeks equity funding to pay for an acquisition.

This week, the Task Force on Climate-Related Financial Disclosures, which is pushing companies to disclose how they are addressing climate change risk and opportunity, launched an online Knowledge Hub to help firms comply.

Sri Lanka has received proposals from four different groups of banks for its latest offshore borrowing of up to $1bn.