China

Frequent Panda bond issuer GLP returned last week with a five year tranche and a nine year note. But most investors did not have the stomach for the five year leg of the deal. Instead, they were enticed by the two exit options in the longer dated portion, said a source close to the transaction.

Thunder Bridge Acquisition has filed for a $200m Nasdaq IPO, set to be the first special purpose acquisition company (Spac) focused on China’s financial technology sector.

LCH, the majority-owned clearing house of the London Stock Exchange, on Tuesday began clearing non-deliverable interest rate swaps in Chinese yuan, Korean won and Indian rupees.

HSBC has opened a China desk in Israel to capture the growing trade and investment flows between the two countries.

China Aoyuan Property Group, Hydoo International Holding and Indonesia’s Federal International Finance wasted no time in hitting the bond market on Wednesday after the Labour Day holiday.

Hong Kong and other offshore financial centres can help Chinese issuers broaden their appeal among international green bond investors, according to Vincent Lee, executive director at the Hong Kong Monetary Authority.

Huya, a live streaming platform backed by YY and Tencent, has started bookbuilding for its up to $180m IPO on the New York Stock Exchange.

Ping An Healthcare and Technology priced its HK$8.8bn ($1.1bn) IPO at the top of guidance after a flood of demand from local and international investors.

The China Banking and Insurance Regulatory Commission (CBIRC) is lifting the bar on international banks to underwrite Chinese government bonds and their local branches to trade derivatives, one of a slew of measures released this weekend to set foreign banks in China free and increase competition in the onshore market.

Commodities trader Trafigura sold a Rmb500m ($78.9m) three year Panda bond through a private placement on April 26, marking the issuer’s first feat in China. The company said it hopes to become a regular issuer in the Panda market.

Poly Property Group and Hong Yang Group Co raised funds from the dollar bond market last Friday, with the former opting for a tap of its outstanding paper and the latter going down the short-term note route.

Hong Kong-listed real estate company Agile Property Holdings launched a HK$6bn ($765m) deal to the market last week, wooing lenders with a juicy margin and all-in pricing.