Bonds

  • China bankers fret amid investor disclosure move

    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.

  • Hilong’s exchange offer fails to avoid default

    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.

  • BMW slashes revolving period for new China ABS outing

    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.

  • Bank of China (Djibouti) debuts in MTNs

    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.

  • New Oriental prints debut dollar bond

    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.

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