Bank of China

Link Real Estate Investment Trust brought the first green bond from a Hong Kong corporate on Thursday, printing $500m worth of notes at a level that was considered fair value among investors.

China Railway Group, China Minmetals Corp and Greenland Hong Kong Holdings are set to hold roadshows with investors next week ahead of their respective dollar offerings.

The green bond market is set for some new action with Link Real Estate Investment Trust kicking off a dollar transaction on Thursday.

The BRICS New Development Bank (NDB) is set to venture into the bond market for the first time next week with a Rmb3bn ($448m) offering to be sold in China’s interbank bond market.

In this round-up, Hong Kong saw RMB deposits, trade and clearing pick up, foreign exchange trading in China as direct trading of Korean won and South African rand is launched, and Standard Chartered’s RMB Globalisation Index (RGI) fell to its lowest since August 2014. Plus, a recap of our coverage this week.

South African state-owned electricity firm Eskom has signed $1.34bn of loans, arranged by African Development Bank. The financing includes what four bankers said was the largest ever ‘B’ loan tranche.

The Asian debt market has had a slow but steady stream of deals since the Brexit vote on June 23, but Bank of China blasted the issuance window wide open on Tuesday with a $3bn five tranche, multi-currency transaction — the region’s largest international green bond. Max Bower reports.

China's GF Securities, which made its debut in the offshore syndicated loan market in 2014, has launched a HK$4bn ($515.4m) loan into general.

The Asian debt market has followed up strongly on Bank of China’s successful $3bn green bond, with five deals launched on Thursday and more expected.

Oman Shipping Company is syndicating an underwritten loan, after other state-owned Oman firms PDO and Dhofar Power Company wrapped up deals in recent weeks.

Bank of China has printed Asia’s largest green bond in a $3bn deal split between dollar, euro and CNH tranches. The landmark trade attracted strong investor demand and gave a much needed fillip to the dim sum bond market.

Greentown Service Group has priced its Hong Kong IPO slightly above the mid point of the original range, raising HK$1.55bn ($200m) in the aftermath of Brexit, according to sources.