Banks

BMW Automotive Finance (China) Co and SAIC-GMAC Automotive Finance Co are edging closer to sealing their first China auto loan asset-backed securitization deals of the year.

Issuers from Greater China flooded the market with dollar deals on Tuesday, capitalising on strong appetite from investors ready to put money to work in the new year.

The Republic of Indonesia kicked off its 2021 bond issuance this week with a $3bn deal in dollars, split across 10 year, 30 year and 50 year notes, as well as a €1bn tranche.

The nascent transition bond market is set to get a boost after Bank of China announced plans for a new deal in both dollars and offshore renminbi.

Chinese toll road operator Zhejiang Expressway kick-started Asia's equity-linked market this week, dipping into euros for the year’s first convertible bond. It plans to use all the proceeds to repay debt.

Singapore-based Ivanhoe Capital, led by mining billionaire Robert Friedland, is floating a special purpose acquisition company (Spac) on the New York Stock Exchange.

Shangri-La Asia, the investment holding company of hotel operator Shangri-La Group, has hired two banks to lead a Rmb1bn ($155m) Panda bond, its first in the currency.

Craig Meisner, the former head of loan markets for Lloyds Banking Group for North America, has landed a new job at ING Capital.

Brazilian bank BTG Pactual became the third Latin American issuer to announce plans to issue ESG-related debt this year after it mandated for a potential senior unsecured green bond.

World Bank sold a Canadian dollar benchmark on Tuesday, raising C$1.5bn ($1.2bn) with a January 2026 line.

Europe’s investment grade corporate bond market continued its blazing start to the year on a busy Tuesday with trades coming flat to or through secondary curves, and syndicate bankers say the blistering momentum is set to last throughout January.

Wessex Water, the UK utility, proved that there is still demand for sterling corporate paper in a post-Brexit world, achieving almost five times oversubscription for its 15 year bond.