Banks

The Islamic Republic of Pakistan returned to the bond market on Wednesday, raising $1bn in a triple part tap of its existing dollar bonds. Market participants say they are ‘impressed’ with the way reforms are headed in the South Asian country amid its International Monetary Fund programme.

Chinese biotechnology company Brii Biosciences has raised HK$2.48bn ($319.7m) from its Hong Kong IPO, after pricing the deal at the top of the marketed range.

Sino-Ocean Group Holding was forced to pay up for its green bond this week, as weakened sentiment around Chinese high yield property credits spilled into the investment grade market.

Hongkong Land Co sold its debut $500m green bond on Tuesday, with support from ESG focused investors helping it achieve tight pricing.

Philippines-based real estate developer Filinvest Land has won IPO approval for a real estate investment trust (Reit), as the asset class grows in popularity in the country.

Red chip Panda bond issuer Far East Horizon has released price guidance for a new two year deal in China’s domestic market.

BOC Aviation, the aircraft leasing arm of Bank of China, has launched a $750m borrowing into general syndication.

A recent lull in dollar bond supply from Indian corporations meant investors rushed to buy REC’s $400m deal on Tuesday, with the electricity company leveraging the demand to price inside of fair value.

Korea Gas Corp, a government-owned borrower, found ample support for its dual tranche $800m bond, with demand of more than $5bn during bookbuilding allowing the firm to price the notes around some fair value estimates, and well inside others.

Shanghai Pudong Development Bank (SPDB) leaned on a large syndicate team to sell a dual-currency bond that was mainly bought by other Chinese banks.

American Honda, the North American subsidiary of the Japanese automotive maker, hit screens with a euro benchmark trade on Tuesday, as corporate bankers reckon central bank tinkering will see a rise in Reverse Yankees at the back end of the year.

JAB Holdings and Prosus have hired banks to run bond issues, adding to the barrage of corporate deals in the works before Europe's summer break.