Bank of China

Chinese local government owned gold mining company surprises market with popular $600m bond

Intimate wear company Regina Miracle International is testing appetite for its maiden loan, while navigating concerns around its Vietnam operations.

Chinese online travel agency Trip.com Group is hoping to replicate its 2020 success in the loan market with a new deal of up to $1.5bn.

Casino operator Wynn Macau is set to close a new loan of around $1.5bn with a small club of banks.

Two Chinese local government financing vehicles courted offshore investors on Wednesday to raise a combined $450m.

Bank of China took its pivot away from Libor-linked bonds further this week by selling a dollar note tied to the secured overnight financing rate (Sofr) and a sterling-denominated deal that was the first Sonia-linked bond from a Chinese issuer. While BOC’s transaction was important, bankers say the new benchmarks are still slow to take off in Asia. Morgan Davis reports.

Macau's Luso International Bank sold an additional tier one bond last Friday, raising $248m.

Avic International Leasing Co turned to the euro market on Tuesday for a sub-one year bond, but the deal’s short tenor and a rough issuance backdrop led to tepid investor response.

ICBC Financial Leasing Co sold a $1.25bn three tranche deal on Monday that was well supported by Chinese banks.

Luso International Banking became the first Macau-based issuer to sell renminbi-denominated bonds in China’s interbank market when it sold a Rmb1.5bn ($231.5m) transaction at the end of last week.

Shandong Iron and Steel Group Co raked in $500m this week, as investors welcomed the long-term prospects of the Chinese company.

Borrowers from Greater China rolled out five new bonds on Wednesday to raise more than $2bn between them.