Bank of China

DBS Bank is following in the footsteps of its peers with plans to launch a Panda bond this year, several sources have told GlobalRMB. The deal will not only be the bank’s debut in China’s onshore bond market, but also mark the first such trade from Singapore.

Dongfeng Motor Group is set to meet investors ahead of what will be its first offshore bond. The company has opted for a euro deal as it aims to use proceeds to pay back part of a bridge loan in that currency.

China Development Bank sealed a $1.56bn dual-currency bond on September 29, coming to the market on a day of immense volatility in global stocks. But anchor orders helped save the deal, which saw very little demand from international investors.

Wynn Resorts Macau (WRM) announced on September 30 that it has expanded both the size and maturities of its existing secured bank facilities.

Commodities trader Trafigura has seen big success with its syndicated loan, bumping up its fundraising to $2.2bn from the launch size of $1.6bn.

Bank of China Paris branch, BNP Paribas, HSBC France and Natixis are to share euro/offshore RMB (CNH) exchange rate information, financial organisation Paris Europlace said in a September 24 press release.

China Development Bank opened books on September 29 for a dollar-euro combo, taking advantage of a small issuance window before China begins its Golden Week holidays on Thursday.

Impala Terminals, the UK-domiciled commodity logistics solutions and services company, has secured $350m of asset backed loans, it has been announced.

Meggitt, the UK engineering company, has increased its acquisition credit facility to $600m to buy the composites division of EDAC, formerly known as Parkway Aerospace and Defense.

China Development Bank is set to meet investors from September 21 in Europe ahead of issuing bonds in multiple currencies.

Chinese auto company Geely International (Hong Kong) ventured into the bond market with an uncommon structure on September 16, raising $300m with a floating rate note backed by a loan from Bank of China.

The Export-Import Bank of China (Chexim) introduced a new structure into Asia’s debt market this week, becoming the first issuer to sell bonds backed by loans. Some investors shied away from the unfamiliar format, but the Chinese policy bank raised $1bn from the dual tranche offering.