Banks

The Slovenian government is out with a 10 year euro bond issue on Monday, which will be priced later today. Bankers away from the deal say the highly rated issuer is a good soft test of investor appetite for CEEMEA debt.

Chengdu Expressway Co’s HK$880m ($112.3m) IPO has marked the start of a quiet week for the Hong Kong equity capital markets.

Standard Chartered has hired two loans syndicate bankers, in Hong Kong and Shanghai respectively, according to a source close to the move.

Chinese state-owned energy company Beijing Enterprises Water Group (BEWG) is preparing its sixth Panda bond, and the first deal in the asset class for 2019, offering a Rmb1bn seven year and a Rmb1bn 10 year tranche.

Hong Kong Airlines is set to provide the year’s first test case of the strength of the Asian debt market as investors lose faith in the carrier’s ability to repay a $550m bond due in just over two weeks.

The Republic of the Philippines opened books for a dollar-denominated 10 year bond on Monday morning, making it the first Asian sovereign to visit the international debt market in 2019.

A senior loans syndicate banker at Bank of China (Hong Kong) has left the firm, according to a source close to the situation.

Wayne Green, head of loan syndicate and sales for Asia Pacific at BNP Paribas, has relocated to Sydney for another position, according to sources close to the situation.

Bank of Nova Scotia and BayernLB found good demand for their covered bonds issued in the belly of the curve on Friday, but UniCredit AG (HVB) experienced a more challenging sales process for its 10 year Pfandbrief. Crédit Agricole will be hoping for a better reception when it issues a 10 year next week.

Electricité de France, the Paris-based electricity company, raised a Rmb122m ($17.8m) one year bilateral loan through Crédit Agricole CIB (China) on December 20.

China Aoyuan Group stayed a step ahead of its property peers by raising a comfortable $275m from a tap of its 2021 notes on Thursday, one of two dollar bonds to be priced in Asia so far in the new year.

Guangzhou R&F Properties Co started the new year by tackling its upcoming bond maturity head on, selling a $500m note on Thursday to refinance a February deal.