Banks

Korea Expressway Corp sold its first sustainability dollar bond on Monday, raising $500m as its scarcity value appealed to investors.

JSW Hydro Energy, a subsidiary of Indian power company JSW Energy, sold its first international bond this week, taking $707m from the green transaction.

New Hope Service Holdings, a Chinese property manager, has launched its Hong Kong listing of up to HK$940m ($121m). It already has the support of Xiaomi Corp and Ke Holdings.

Nomura has named Oliver Holt as head of debt syndicate for Asia ex-Japan, succeeding veteran banker Alister Moss, who is taking on a new position at the bank.

Seven Chinese issuers bagged Rmb7.3bn ($1.14bn) from their inaugural sustainability-linked bonds (SLBs) in the onshore market, as part of Beijing’s efforts to meet its ambitious carbon goals.

Malaysia’s 1MDB is understood to be suing Deutsche Bank and JP Morgan as part of an effort to recoup more than MR96.6bn ($23.5bn) in assets that it claims are linked to the state investment fund.

One of Citi's Asia Pacific debt syndicate co-heads has left the bank, GlobalCapital Asia has learnt.

The spread benefit of ESG-linked debt was on clear display in Europe’s corporate bond market this week. For the second time in days, investors were offered two similar transactions and paid significantly more for the ESG option, in this case a green bond from Red Eléctrica.

A smattering of European investment grade companies are lining up bond issues, as May continues to bring the turnaround in issuance levels that the market had been hoping for in the run-up to the UK bank holiday at the start of the month.

Germany has picked banks for its eagerly awaited 30 year green bond. Bankers expect the deal to go well since it will be one of the rare German syndications to offer a positive yield.

KommuneKredit made a strong return to the sterling market on Friday with its biggest ever single offering in currency.

The IPO of hGears, the German maker of high-precision gears for e-mobility, was covered on Monday, less than a day into book building, according to a source close to the deal.