Bank of China
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China Merchants Port Holdings (CMP) successfully raised Rmb2.5bn ($363.4m) from a five year Panda bond on the interbank market on Thursday. The company is presenting the trade as a Silk Road bond, even though all of the proceeds will be used onshore.
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China Huarong Asset Management Co on Thursday concluded a $3.4bn-equivalent six-tranche offering featuring US dollars and Singapore dollars. The transaction broke new ground for the issuer, and the company is one step closer in narrowing the gap between its curve and that of some of its Chinese peers.
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Bank of Gansu, a Chinese city commercial lender based in Lanzhou, has hired five banks to jointly sponsor its IPO in Hong Kong, sources said.
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China Huarong International Holdings began marketing a four tranche dollar deal on Thursday morning, including two floating rate notes.
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China Southern Power Grid Co. is preparing investors for its debut dollar, 144A/Reg S deal.
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State Grid Corporation of China, China Huarong Asset Management Co and State Development & Investment Corporation have mandated banks for new bonds, with the latter making its debut in the international market.
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Aluminum Corp of China, Peking University Founder Group, Beijing Enterprises Holdings and Singapore’s Oxley Holdings all walked away with new bonds on Wednesday, wrapping up a blockbuster issuance week ahead of Easter.
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Bank of China hit Asia's debt market hard on Tuesday, unleashing a huge deal spanning four currencies and six tranches. The $3.1bn-equivalent deal was designed to make a statement to the market that it should not forget China’s Belt and Road initiative, DCM bankers said. Morgan Davis and Addison Gong report.
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Lianyungang Port Group and property developer Golden Wheel Tiandi Holdings Company raised a combined $500m on Tuesday, wrapping up their fundraisings ahead of Easter.
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Chinese corporates and FIGs contributed to most of the primary supply in Asia DCM on Tuesday, with China Oil and Gas Group, Yida China Holdings and Citic Securities snapping up a combined $1.45bn.
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The senior syndication phase for a $400m loan for Malaysian lender CIMB is close to completion, with three banks joining mandated lead arranger and bookrunner Standard Chartered.
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BlackRock added one year to a $4bn March 2021 five year facility this week, with over 30 banks piling into syndication.