Bonds - All Articles

  • BMW scores first public corporate dim sum in eight months

    BMW Finance, a subsidiary of German carmaker BMW, sealed a Rmb500m ($72m) three year dim sum bond on Thursday. It was the first publicly sold offshore renminbi trade by a corporation since November last year.

    • 07 Aug 2020
  • ADBC widens investor base with dim sum

    Agricultural Development Bank of China’s Rmb4.3bn ($618m) dim sum bond this week brought in a record number of investors from outside of Asia, a senior treasury official told GlobalCapital China.

    • 06 Aug 2020
  • China’s Tahoe on default spree as Vanke sets ‘stringent’ terms

    Holders of Chinese property developer Tahoe Group’s onshore bonds had to face up to two defaults from the company this week, as uncertainty looms over whether a tie-up with its peer China Vanke Co will eventually go ahead. Addison Gong reports.

    • 06 Aug 2020
  • Everbright Water succeeds at second Panda try

    Everbright Water got its second attempt at a Panda bond past the finish line this week, two months after pulling a deal due to poor liquidity and climbing yields.

    • 05 Aug 2020
  • ADBC boosts dim sum return on strong demand

    Agricultural Development Bank of China raised Rmb4.3bn ($618m) from its second dim sum outing this year. Thanks to strong support from Chinese banks, the offshore renminbi bond market offered the issuer clear pricing advantages over the onshore market.

    • 05 Aug 2020
  • Tahoe defaults for third time in one month

    Chinese property developer Tahoe Group has defaulted on a third domestic bond in 30 days, as uncertainty remains over whether a tie-up with its peer China Vanke Co would eventually go ahead.

    • 05 Aug 2020
  • Tahoe defaults as Vanke sets tough terms

    China’s Tahoe Group has failed to repay a second domestic bond. The company has announced a potential share sale to China Vanke Co, but the deal will not be a bail-out ─ Vanke has made clear it will not take on the company’s debt.

    • 03 Aug 2020