Bank of China

Aluminum Corporation of China (Chalco) priced a larger-than-planned $800m deal on Thursday, taking advantage of strong investor interest that led to a 10x covered book.

In this round up, Stock Connect flows boosted by Shenzhen Connect announcement, mutual recognition of funds (MRF) broadens fund selection, and Bank of China’s cross-border RMB index picks up in June. Plus, a recap of GlobalRMB's top stories this week.

BOC Aviation has ended an eight month break from the loan market, sending out a request for proposals for a $1.5bn revolver.

Aluminum Corporation of China (Chalco) is out with a new five year on Thursday, having registered plans to sell a foreign currency bond with the National Development and Reform Commission last month.

A $3.5bn dual-tranche borrowing to back Tencent Holdings' acquisition of an up to 76.9% stake in Supercell has gone into general syndication.

The Ministry of Finance of the Republic of Poland has mandated Bank of China and HSBC as joint lead underwriters to work on the sovereign’s upcoming Panda bond.

China Construction Bank’s Singapore branch sealed a Rmb1bn ($150m) dim sum transaction Thursday, putting an end to a one-month silence in the offshore renminbi (CNH) debt market.

In this round-up, Hong Kong sees further drops in its RMB deposits base in June, new RMB futures contracts on the Hong Kong Exchange (HKEX) reach trading records in early August, and a Chinese regulator sets up a working group to prepare for the Shenzhen Connect launch. Plus, a recap of GlobalRMB's top stories this week.

HNA Group has sealed its return to the offshore debt market as yield-starved investors nudged the unrated issuer to open a new three year trade. While the order book is not big compared with other recently deals, the issuer was still able price tightly.

China Construction Bank’s Singapore branch is set to price the first offshore renminbi (CNH) bond in over a month, after opening books for a two year trade.

Details have emerged on agricultural trading and processing company Cofco Agri’s $2.6bn two tranche refinancing, for which a roadshow was held in Singapore last week.

China is exploring the possibilities for its small and medium enterprises (SMEs) to start borrowing in offshore renminbi as part of an ambitious five year plan to internationalise the sector.