Bonds - All Articles

  • Evergrande’s bonds, stocks up on SOE tie-ups

    China Evergrande Group got a boost to its bond and stock prices on Monday, after its flagship subsidiary convinced a large group of equity holders not to exercise a put option. The company also secured two new state-backed investors.

    • 09.00 AM
  • CDB ends six-year dim sum hiatus with chunky deal

    China Development Bank returned to the offshore renminbi bond (CNH) market after six years with the largest print in the currency for 2020.

    • 20 Nov 2020
  • China default fears rise after SOEs allowed to miss payments

    China’s onshore bond market has been hit with a number of high-profile defaults from state-owned issuers, undermining primary supply and leading to a spike in secondary yields. Addison Gong reports.

    • 19 Nov 2020
  • Dongfeng Nissan plans swift return to China ABS

    Dongfeng Nissan Auto Finance Co is set to launch a Rmb4.9bn ($747m) auto loan asset backed securitization next week.

    • 18 Nov 2020
  • China’s bank capital market comes of age

    Baoshang Bank’s complete write-down of close to $1bn of tier two debt offers an invaluable lesson to investors in China’s domestic bond market.

    • 17 Nov 2020
  • Baoshang Bank writes off Rmb6.5bn tier two bonds

    Holders of Rmb6.5bn ($984m) of subordinated bonds issued by Inner Mongolia-based Baoshang Bank will lose all their investment after the firm was deemed non-viable by Chinese regulators.

    • 16 Nov 2020
  • Chinese chip maker’s bonds plummet amid funding fears

    Renewed concerns over Chinese chipmaker Tsinghua Unigroup Co’s debt repayment abilities led to sharp drops in its onshore and offshore bonds this week. Addison Gong reports.

    • 12 Nov 2020
  • VW returns to China ABS with bigger revolver

    Volkswagen Finance (China) priced a nearly Rmb8bn ($1.2bn) auto loan asset-backed securities deal this week, the eleventh in its Driver China series.

    • 11 Nov 2020
  • Tsinghua Unigroup bonds plunge to new low

    Dollar and renminbi denominated bonds of cash-strapped Chinese issuer Tsinghua Unigroup Co were heavily sold off this week, following renewed concerns over the company’s debt repayment ability.

    • 11 Nov 2020
  • Great Wall parks internationally rated ABS with investors

    Chinese auto finance company Tianjin Great Wall Binyin Automotive Finance Co got an international rating yet again for its return to the auto loan asset-backed securities market, a move that bankers say is in line with its ambitions to becoming more global.

    • 10 Nov 2020
  • Evergrande abandons A-share backdoor listing

    China Evergrande Group has abandoned a backdoor listing plan for its property arm and flagship subsidiary Hengda Real Estate on the Shenzhen exchange, ending a reorganisation that started four years ago.

    • 09 Nov 2020
  • Mercedes-Benz Leasing debuts China auto lease ABN

    Mercedes-Benz Leasing Co sold its first auto lease asset-backed note in China’s interbank market this week, navigating a number of hurdles to launch the Rmb4bn ($600m) deal.

    • 05 Nov 2020
  • Beijing Hyundai test drives revolving structure

    Beijing Hyundai Auto Finance decided to try a revolving structure for its Rmb4bn ($597m) return to the asset-backed securitization market in China, getting an around two times subscribed book.

    • 03 Nov 2020