China

Chinese plastic surgery social network So-Young International hit the road for its Nasdaq listing this week, eyeing proceeds of up to $179.4m.

Luckin Coffee is brewing excitement in the US equity market after it confirmed plans for an IPO this week and filed a draft prospectus with the Securities and Exchange Commission. But while the Chinese coffee chain is being hailed as a major competitor to Starbucks, there is reason to think that assessment carries a lot of froth.

Xinyuan Real Estate Co tapped its existing 2021 notes on Wednesday, adding $100m to the bonds.

Ireland’s CDB Aviation has signed its first unsecured syndicated loan, as the aircraft leasing company continues its drive to diversify its funding sources.

The People’s Bank of China (PBoC) rolled out a Rmb267.4bn ($39.8m) one year targeted medium-term lending facility (TMLF) on Wednesday. The move echoes a push by Chinese regulators for commercial banks to lend more to small and micro-sized enterprises.

Smart wearables manufacturer Huami Corp has launched book building for its $ 114m follow on American Depository Shares (ADS) offering.

Redco Properties Group returned to the market with a two year note on Tuesday, three months after it priced a larger 364-day transaction.

Chinese plastic surgery online social network So-Young International has commenced its Nasdaq IPO of up to $179.4m.

Chinese e-commerce platform Yunji Incorporated has set a price range for its issuance of American Depository Shares (ADS) on the NASDAQ board.

Chinese coffee shop chain Luckin Coffee is set to launch an issue of American Depository Shares (ADS) on Nasdaq.

The Asian debt markets have been hit with a number of defaults from Chinese borrowers. China Minsheng Investment Corp (CMIG) has missed bond payments, as has Kangde Xin Composite Material Group.

BMW Group has debuted its first asset backed note (ABN) in China, bagging Rmb2.5bn ($387m) with a three tranche fixed rate deal through its majority-owned subsidiary, Herald International Financial Leasing.