China

Xiaomi Corp sold an $800m 10 year bond and a $400m 30 year bond this week amid a difficult market for Chinese bonds and technology companies. But the mobile phone maker's green tranche, as well as its business model, attracted investors and allowed for tight pricing. Morgan Davis reports.

China Modern Dairy Holdings, a milk producer, has raised $500m from its first international bond.

Chinese toll road operator Zhejiang Expressway has sold its inaugural dollar bond, raising $470m.

Chinese securities house Shenwan Hongyuan Securities bagged $500m from its five year bond sale on Wednesday.

Chinese biotechnology company Brii Biosciences has raised HK$2.48bn ($319.7m) from its Hong Kong IPO, after pricing the deal at the top of the marketed range.

Sino-Ocean Group Holding was forced to pay up for its green bond this week, as weakened sentiment around Chinese high yield property credits spilled into the investment grade market.

Red chip Panda bond issuer Far East Horizon has released price guidance for a new two year deal in China’s domestic market.

BOC Aviation, the aircraft leasing arm of Bank of China, has launched a $750m borrowing into general syndication.

Shanghai Pudong Development Bank (SPDB) leaned on a large syndicate team to sell a dual-currency bond that was mainly bought by other Chinese banks.

China's latest crackdown of three of its technology companies has a clear message for firms looking to list in the US — and investors wanting to buy their shares.

Three Chinese domestic credit rating agencies downgraded Sichuan Languang Development Co due to higher refinancing risk on Monday, sending its bond prices lower.

Asia's investment grade bond market is off to a busy start for the week, while pressure on the high yield sector continues to keep borrowers at bay.