Bank of China

The Province of British Columbia (BC) has mandated Bank of China and HSBC as joint leads for its debut Panda bond, Mike de Jong, BC’s Minister of Finance, told GlobalRMB. The deal is expected to launch in January and will be the first Panda from a sovereign credit.

Investors poured into Tianjin Free Trade Zone Investment Holding Group’s (Tianjin FTZ) debut dollar bond this week, helping the state-owned company raise $500m with a more than seven times covered order book.

Tianjin Free Trade Zone Investment Holding Group (Tianjin FTZ) hit the market for its first dollar bond on December 2.

BoC Aviation has wrapped up its latest borrowing at a bigger size of $500m as banks from across Asia poured into the transaction.

China Communications Construction Co (CCCC) is holding off the planned $1bn spin-off of its dredging unit in Hong Kong until next year amid questions about its alleged involvement in land reclamation work in disputed islands in the South China Sea.

November was a big month for the RMB qualified foreign institutional investor (RQFII) programme. One new jurisdiction, Malaysia, entered the arena, while Bank of China Luxembourg (BoC Luxembourg) and ICBC (Europe) became the first Luxembourg quota recipients.

Chinese conglomerate HNA Group ventured into the dollar bond market on Thanksgiving and managed to raise $250m from a two times covered book.

Guangzhou Metro Group has raised $600m from its first foray into the international bond market, with its sector of operation and government backing attracting investors.

Lee & Man Paper Manufacturing is seeking a HK$2.4bn ($310m) term loan to refinance existing debt and for its general corporate funding requirements.

Chinese pair Guangdong Rising Asset Management (GRAM) and HNA Group hit the dollar bond market on Wednesday as they look to wrap up their respective fundraisings ahead of the US Thanksgiving holiday.

Tianjin Free Trade Zone Investment Holding Group (Tianjin FTZ) has picked seven banks to arrange its first international bond.

A pair of issuers based in southern China – Guangzhou Metro Group and Guangdong Rising Assets Management (GRAM) – are planning to make their respective debuts in the dollar bond market this week.