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  • Zhongyuan Yuzi pulls deal as Chinese LGFVs face tricky funding environment

    Zhongyuan Yuzi pulls deal as Chinese LGFVs face tricky funding environment

    Two Chinese local government financing vehicles (LGFVs) hit speed bumps in the dollar bond market this week amid rising volatility, as investors pushed back on the issuers’ attempts to get away with aggressive pricing. While one of the borrowers sealed its deal despite tepid demand, another was forced to scrap its transaction. Morgan Davis reports.

  • China Merchants nabs S&P rating in RMBS first

    China Merchants nabs S&P rating in RMBS first

    China Merchants Bank has sold its first mortgage-backed securitization (RMBS) with an international rating. Foreign demand helped with a smooth bookbuilding process, despite a weak market backdrop. Addison Gong reports.

FX

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