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GC Asia
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Great Wall Motors readies first internationally rated ABS
Tianjin Great Wall Binyin Automotive Finance is gearing up for a new Rmb3.37bn ($477m) auto loan ABS in China. For the first time, the issuer has obtained an international rating for its deal.
03 Jul 2020 -
China bankers fret amid investor disclosure move
Shanghai Clearing House’s plan to show issuers a full list of their investors is causing alarm among some syndicate bankers — who admit to using highly questionable bookbuilding practices to impress their clients. Rebecca Feng reports.
02 Jul 2020 -
Weibo grabs $750m from offshore market
Chinese social media platform Weibo Corp returned to the dollar market on Tuesday with a 10 year bond.
02 Jul 2020 -
Hilong’s exchange offer fails to avoid default
A long-running attempt by Chinese oil company Hilong Holding to complete an exchange offer on a dollar bond has failed, after it confirmed a default this week. The situation has caused analysts to speculate on how it could have executed its deal better. Alice Huang reports.
02 Jul 2020 -
China tackles default concerns with new guidelines
Chinese policy makers have finalised rules on how to deal with corporate bond defaults, with the regulation to go into effect next month.
02 Jul 2020 -
BMW slashes revolving period for new China ABS outing
BMW Automotive Finance, a frequent issuer in China’s onshore auto ABS market, is gearing up for its second securitization deal of the year. This time around, the German automaker has shortened the usual one year revolving portion to just a month.
30 Jun 2020 -
Real estate names woo dollar bond investors
Chinese property companies Times China Holdings and Golden Wheel Tiandi Holdings Co took a combined $470m from the bond market on Monday.
30 Jun 2020 -
Zhejiang LGFV debuts in dollar market
Zhejiang Changxing Financial Holdings Group Co opted for a club-style execution for its $160m maiden international bond on Monday.
30 Jun 2020 -
Bank of China (Djibouti) debuts in MTNs
Bank of China sold its first ever bond out of its Djibouti branch on Monday, as Chinese issuers pour into capital markets to make up for time lost to the coronavirus pandemic.
26 Jun 2020 -
New Oriental prints debut dollar bond
Chinese education company New Oriental Education & Technology Group has sold its maiden dollar bond shortly after receiving its first credit rating.
26 Jun 2020
