Bank of China

China Construction Bank Corp turned to the bond market on Thursday to sell a $2.4bn equivalent multi-currency transaction, with each tranche carrying a socially responsible investment (SRI) label. But recent volatility in the region’s credit market, and the issuer’s own ‘ambiguous’ approach to the trade, posed challenges.

An affiliate of department store Sogo Hong Kong has returned to the loan market for a HK$8bn ($1bn) deal to refinance a borrowing from 2016.

BlackRock has signed a $4.4bn revolving credit agreement linked to gender and racial diversity metrics, becoming one of the most prominent companies globally to use key performance indicators focused on staff equality in its main bank line.

Hong Kong Broadband Network has returned to the loan market for a HK$5bn ($643m) deal for refinancing.

Chengdu Jiaozi Financial Holding Group Co priced an ultra-tight $200m bond on Wednesday, turning to a group of largely Chinese banks for a club-style transaction.

Huatai Securities Co was back in the dollar market on Tuesday, marketing a dual tranche transaction more than a year after its last dollar sale.

Two red chip issuers, China Mengniu Dairy Co and Hengan International Group Co, sold renminbi-denominated Panda bonds in China’s interbank market at the end of last week. Both the firms opted for short tenors.

Casino operator MGM China Holdings added more liquidity to its balance sheet this week with a $750m bond outing.

The New Development Bank sold a Rmb5bn ($767m) Panda bond aligned to the United Nations’ Sustainable Development Goals this week. The deal, expected to help mitigate the impact of Covid-19 on the Chinese economy, was priced flat to China Development Bank’s yield curve, and saw solid demand from international investors. Addison Gong reports.

Avic International Leasing Co landed a $500m bond well inside of fair value on Wednesday, thanks to strong support from its syndicate banks.

Trafigura, one of the world’s largest commodity traders, has completed its European bank facility refinancing to add sustainability-linked targets to its debt, a month after the company made its debut in the Schuldshein market.

Zhejiang Geely Holding Group Co used a standby letter of credit from Bank of China's Singapore branch to price its $400m bond inside fair value.