China

China Oil and Gas Group’s $400m bond proved popular with investors this week as it offered the high yield market an alternative to property deals from the country.

Chinese property company Leading Holdings Group has made its debut in the dollar market with a sub-one year bond.

China’s Tongyi Lubricant, which is backed by private equity firm Carlyle Group, has tapped three Taiwanese banks to help it raise $110m from the loan market for a dividend recapitalisation.

Dingdong (Cayman), a Chinese e-commerce company for fresh groceries, and its rival Missfresh are testing investor appetite at the same time for their US IPOs.

The green dim sum bond market saw a small jump in action on Tuesday, with high yield issuer Zhenro Properties Group selling a short-dated deal and German development bank KfW reopening one of its existing notes.

BoCom International Holdings Co leaned on a hefty syndicate team to lock up a $500m five year bond on Tuesday.

China’s Full Truck Alliance (FTA), billed as an Uber-style service for trucks, has raised $1.56bn from its New York IPO. A wave of global demand pushed final pricing to the top of the guidance, said a banker close to the deal.

The recent round of M&A and leveraged buyout financing provided by Chinese banks shows their growing ambition in the more complicated and riskier part of Asia’s loan market.

Chinese online human resources service provider 51job has raised a $1.825bn term loan from two banks to support its take-private.

Zylox-Tonbridge Medical Technology, a China-based medical device maker, is looking to raise up to HK$2.56bn ($329.9m) from a Hong Kong IPO.

Agriculture company Syngenta Group Co is working with three Chinese securities firms to prepare for a listing on Shanghai’s Star market.

Chinese real estate company Hopson Development Holdings returned to the offshore bond market for the fourth time this year on Monday, this time taking an aggressive approach to pricing its $200m deal.