Bank of China

Export-Import Bank of China hit the debt market on Wednesday, bagging €2bn (US$2.1bn) in the largest euro deal from a Chinese borrower to date. While DCM bankers say that there’s little opportunity for arbitrage, Chexim benefited by reaching new investors. Morgan Davis reports.

BMW Automotive Finance (China) is looking to squeeze in one last auto loan ABS this year as it prepares to launch its Rmb4bn ($581m) Bavarian Sky China 2016-2 on December 1.

Chinese issuers stormed the primary debt market on Wednesday with Export-Import Bank of China, China Aluminum International Engineering Corp (Chalieco) and Changsha Pilot Investment Holdings Co among the borrowers attracting bids.

Tsinghua Unigroup is making its debut in the loan market with a $300m facility, as it looks to build relationships with banks as part of a strategy to expand internationally.

Free trade zone (FTZ) bonds are finally about to emerge in China, with the Shanghai Municipal Finance Bureau releasing a set of guidelines on the underwriting process of the city’s upcoming transaction.

CMB Financial Leasing Co raised $1.2bn across two tranches in its debut international bond on Monday, and met its different objectives for the five and three year portions.

The Asian debt market stepped up a gear Tuesday with a number of new launches and mandates, as issuers navigate the volatility and try to wrap up their fundraisings before key holidays and the end of the year.

CMB Financial Leasing Co launched its debut international dollar bond on Monday with three and five year tranches, as ICBC London rolled out a three year floating rate note.

China’s Yancheng Oriental Investment & Development Group Co priced its maiden dollar-denominated offering on Tuesday off strong anchor orders post roadshow.

Two live IPOs in Asia are seeing an encouraging response from investors, with Donald Trump’s surprise victory in the US presidential election having little impact on their bookbuilds.

China’s Yancheng Oriental Investment & Development Group Co and South Korea’s Doosan Infracore Co ventured out to the DCM market on Tuesday for their respective dollar-denominated bonds.

The London RMB hub has been under threat from the Brexit vote, but China seems keen not to jump ship yet. The latest round of meetings have yielded a commitment to launching the long-promised London-Shanghai Stock Connect, the UK Treasury said on November 10.