Bank of China
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ICBC Financial Leasing Co raised $950m from a dual-tranche transaction on Wednesday, as it focused on extending its maturity profile. But its 10 year struggled to gain traction, against a backdrop of falling 10 year US Treasury yields. -
ICBC Financial Leasing Co hit the dollar bond market on Wednesday with a dual-tranche transaction, returning a few months after its last international issuance.
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China’s Avic International Leasing Co sealed its first offshore dollar deal on Monday, manoeuvring through the market to land support from investors outside of its traditional home base.
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Sasseur Reit is expected to start pre-deal investor education for a S$500m ($366m) IPO in Singapore from Tuesday, said bankers close to the trade.
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Equity investment group China Jianyin Investment (JIC) is readying an international bond offering, mandating banks ahead of investor meetings.
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China’s Avic International Leasing Co is chasing its first international dollar bond, opening books for the transaction on Monday.
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State-owned China Minmetals Corporation on Wednesday rolled out a dollar-denominated perpetual bond, raising $1bn from the deal. The company was able to price at a tight level, especially when its low step-up is taken into account.
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Saudi Electricity Co’s $1.75bn loan has been successfully sold down to four other banks.
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China Huarong Asset Management Co priced an almost $3.4bn five tranche bond in two currencies on Tuesday, restarting supply from Chinese financial institutions after the sovereign repriced the curve last week.
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China Minmetals Corporation, a state-owned enterprise, turned to bond investors on Wednesday with its first dollar perpetual bond, quickly following up a roadshow earlier this week.
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China Huarong Asset Management Co started taking bids for a five tranche, dual-currency bond on Tuesday morning. It wants to become the first Chinese financial institution to sell offshore bonds after the sovereign tightened the curve with a landmark deal last week.
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South Africa’s FirstRand Bank has successfully completed its Asian-bank focused syndication for $540m, an increase from its launch amount of $250m.
