Bank of China

Crédit Agricole is planning to sell its first Panda bond in late November, according to two sources. It will be the maiden renminbi-denominated bond to be sold in China by a French bank and the first syndicated Panda from the European country.

CNI Capital, a wholly-owned subsidiary of state-owned China National Nuclear Corp, sold a Rmb1bn ($141m) three year dim sum bond on Thursday. The pricing of the unrated offshore renminbi deal was tighter than expected, said bankers.

China Huarong Financial Leasing Co and two local government financing vehicles (LGFVs) based in the coastal province of Jiangsu came to the offshore bond market to raise $300m each.

BMW Finance returned to the Panda bond market with a Rmb3bn ($424m) dual-tranche private placement note. It was the company's third outing this year, but this time the German automaker substituted the three year tranche with a two year note.

Avic International Leasing Co followed the success of Chinese National Travel Service Group Corp's bond this week, raising $200m from its own aggressively-priced perpetual note on Thursday.

Citic Securities Co returned to the offshore market with a $700m dual-tranche transaction. The deal included a five year bond, a rarity from a Chinese securities house in recent years.

China Construction Bank returned to the international bond market on Tuesday, turning to dollar and euro investors with two separately-executed deals worth a combined $1.551 billion.

State-owned hydropower company China Three Gorges Corp made a rare visit to the dollar bond market, extending its maturity profile to 30 years.

Bank of China broke new ground for Asia this week with the region’s first floating rate bond linked to the secured overnight financing rate (Sofr). But a host of challenges around payment calculations and liquidity mean other issuers will be slower to embrace this new benchmark. Addison Gong reports.

The Export-Import Bank of China (Chexim) came to the bond market in two currencies on Tuesday to raise $1.068bn, pricing the euro tranche at an impressive zero coupon.

Philippine conglomerate San Miguel Corp is inviting banks to join a $1.75bn term loan that will be used to take out a bridge facility that supported its acquisition of Holcim Philippines.

One of China’s largest oil companies, Cnooc came to the market with a $1.5bn dual-tranche deal, giving investors a chance to buy into a single-A rated state-owned name.