Bank of China

Bank of China Group Investment debuted in the Panda bond market on June 23, raising Rmb1.5bn ($219.6m) from a three year note. Its deal marked the second Panda issuance by a financial institution this year, following China Citic Bank International’s deal in May.

China Reinsurance Finance Corp added $700m to its existing 2022 bonds through a tap on Wednesday, hitting its $1.5bn regulatory cap.

Chinese issuers are dominating Wednesday’s debt market in Asia ex-Japan, with two issuers launching dollar deals and two investment grade corporates announcing roadshows for transactions.

China Reinsurance Finance Corp is looking to tap its 2022 notes issued in March.

China Three Gorges Corp sealed its inaugural offshore green bond on Wednesday, raising €650m from a seven year deal. The notes were sold at a tight spread, with bankers saying that the “European style” execution was due to strong demand from investors.

Hydropower company China Three Gorges Corp raised €650m from its inaugural offshore green bond, pricing it inside theoretical fair value. The issuer has a natural need for euros, and its deal, unlike most notes sold in the currency by Mainland issuers, was executed in a “European style” due to strong demand, said bankers.

Chinese firm Essence International Financial Holdings has approached lenders for a HK$1bn ($128m) borrowing.

State-owned hydropower company China Three Gorges Corp is marketing its maiden international green bond denominated in euros. The firm raised Rmb6bn ($900m) from an onshore green outing two years ago.

China Everbright Bank’s Hong Kong branch launched a new dollar three year floater on Tuesday morning, just a few months after sealing a $500m 2020 fixed deal.

China Three Gorges Corp is set to make its debut in the green debt market with a euro offering, and is gauging investor appetite with a week-long roadshow.

Allocations are out for Petron Corp’s loan, which was opened to retail participation in late March. The company has absorbed the excess demand that came in during syndication, boosting the deal size to $1bn from $600m.

Export-Import Bank of China came to the market with a two-currency, fixed and floating rate transaction on Thursday, snapping up $918m-equivalent. Its outing followed downgrades on China’s sovereign rating and that of the issuer, but buy-side concerns were well contained.