China

China’s SkyCo International Financial Leasing is tapping the offshore loan market for the first time.

Investment company AllianceBernstein says it is focused on the development of the AT1 market beyond the large European banks, as it launched a new financials fund.

Greenland Hong Kong Holdings steered through the volatility in global markets on Tuesday to nab $200m from a sub-one year bond to refinance a looming maturity.

Korea Development Bank sold a dual-listed offshore renminbi bond on Tuesday amid volatile markets. But it achieved the largest size for a CNH bond issue in more than a month, while also pricing inside one of its peers.

Chinese firm Natural Food International Holding is planning a flotation on the Hong Kong Stock Exchange, filing a draft IPO prospectus on Tuesday.

Goldman Sachs has appointed Cai Wei as co-head of its China investment banking division, the bank's first China partner hire from outside the firm, according to an internal memo.

China National BlueStar (Group) Co, a subsidiary of China National Chemical Corp, has launched a $500m loan into general syndication, three months after its parent sealed a $5.5bn senior secured facility.

Greenland Holding Group Co priced the first floating rate note (FRN) transaction from a Chinese high yield real estate company last Friday, finding sufficient demand to extend its maturity profile to September 2021.

Chinese education firm Puxin popped on its first day of trading on the New York Stock Exchange last Friday, and has stayed strong since, after pricing its IPO at the bottom of the marketing range.

Smartphone and devices manufacturer Xiaomi Corp has put the China Depository Receipt (CDR) portion of its $10bn IPO on hold, opting to list in Hong Kong first.

China Reinsurance (Group) Corp’s chairman recently held talks with the Singapore deputy prime minister about catastrophe bonds. The conversation’s timing is bound to raise eyebrows, given the reinsurer’s outstanding cat bond is due next month.

Wuzhou International Holdings’ Hong Kong-listed shares and dollar bonds resumed trading on Friday after slumping heavily in late May. The reopening followed a filing from the company on Thursday evening admitting it has defaulted on some of its payment obligations.