Banks

The Hong Kong government is meeting with international investors this week in an effort to court attention for its debut green bond. The transaction has been expected for more than a year, with Hong Kong and green enthusiasts hoping that a sovereign deal can launch the city as a hub for sustainable financing. Morgan Davis reports.

Eagle Hospitality Trust extended bookbuilding for its Singapore IPO twice because of market jitters following US president Donald Trump’s tweet this week about Chinese trade tariffs, according to a source close to the deal.

CCB Financial Leasing Corp sold a $700m dual-tranche transaction on Wednesday, without paying a new issue premium on either tranche, and pushing the pricing on the $200m 10 year some 10bp inside its curve.

Chinese online tutorial platform GSX Techedu is seeking approval for an American Depository Shares (ADS) listing on Nasdaq, as fellow Chinese company DouYu waits for more stable market conditions before commencing pre-marketing for its own $500m ADS offering.

A securitization that repackages Paraguayan government infrastructure financing is expected to be priced on Thursday after the bookrunner set initial price thoughts the day before.

Latin America’s best rated sovereign, Chile, will begin investor meetings on Thursday as it plots its third Euroclearable local currency deal.

Chinese online tutorial platform GSX Techedu is seeking approval for an American Depository Shares (ADS) listing on Nasdaq.

Xinyi Energy Holdings, an owner and operator of Chinese solar farms, has received a boost on its second attempt at listing on the Hong Kong Stock Exchange.

Chaoni Huang has left her job leading Natixis’ sustainability efforts in Asia Pacific.

The strength of corporate bond demand, after falls in stockmarkets engendered by the US's hardened stance on trade talks with China, will be tested in the US on Wednesday by a $20bn issue for IBM. In Europe, the test could come on Thursday, since a handful of issuers finished roadshows on Wednesday.

The Co-operative Group, the UK food retailer and provider of funeral, legal and insurance services, launched its first sustainable bond on Wednesday and achieved impressive demand. But that had little to do with its ethical characteristics.

The European Investment Bank enjoyed stellar demand for a $3bn five year deal on Wednesday, with lack of competing supply encouraging investors to turn out in droves, despite the skinny premium on offer.