Bank of China

Toyota Motor Finance (China) Co is back with its Rmb3bn ($434.5m) Glory 2017 Phase I Auto Loan Credit Asset-backed Securities, while Beijing Hyundai Motor Group is looking to launch its first auto ABS transaction of the year. Both deals are set to open next week.

Bank of China Macau has given China Huishan Dairy Holdings until next Tuesday, May 16, to repay a $50m loan raised in 2014 that matured in April.

Bank of China’s Singapore branch raised $600m from a three year floating rate bond on Thursday, marking the lender’s second issuance this year supporting the Chinese government’s Belt and Road initiative.

Swissport has announced a technical default on several of its senior debt facilities, after “becoming aware” that its owner, HNA, the Chinese private equity group, had pledged shares in it as collateral for another loan.

Volkswagen Finance (China) is returning to the ABS market with its Rmb4.5bn ($652.66m) Driver China six, having sold three auto ABS in the Mainland last year.

China Southern Power Grid Co (CSG) sold $1.5bn of notes across two tranches on Thursday, opening its transaction a day after State Grid Corporation of China sold a massive $5bn deal that put off some investors.

State Grid Corporation of China on Wednesday snapped up $5bn from a four-trancher — the largest G3 bond so far this year. In addition to size, the issuer also achieved tight pricing, said market participants.

China Huarong Asset Management Co sold a $3.4bn-equivalent six-tranche bond in US dollars and Singapore dollars on April 20. The transaction featured many firsts for the issuer, and was part of its efforts to normalise its debt curve.

China Southern Power Grid Co, China Minsheng Banking Corp and Hong Kong-listed SOCAM Development started taking bids for their respective dollars bonds on Thursday at the Asia open.

China’s State Development & Investment Corp (SDIC) sealed a dual tranche offering on Tuesday, with the issuer’s state ownership, diversified investment portfolio and the moderate deal size ensuring a smooth debut.

State Grid Corporation of China opened books for a four tranche dollar bond on Wednesday morning, comprising three, five, 10 and 30 year portions.

China’s State Development & Investment Corp started collecting orders for its new dual tranche offering on Tuesday morning at the Asia open, with the company set to debut in the dollar bond market.