China

Oceanwide Holdings Co returned to the offshore market on Thursday with a new three year dollar offering, just a week after selling a $200m 363-day bond.

China Development Bank Financial Leasing Co (CDBL) has named banks to run its proposed dollar transaction, with investor meetings beginning this week.

Chinese state-owned Sinochem International Corp and China Railway Group raised a combined $800m on Tuesday, with demand for high quality investment grade names reflected in the book sizes of the bonds.

China made a clear step towards creating a financial super-regulator last week, when it created a new oversight commission within the central bank. The mega-merger of China’s many competing regulators is a good idea – but it is also fraught with risks.

Hong Kong-listed China Resources Land is returning to the Panda market on July 21 after a year-long absence. The company, which is hoping to raise Rmb5bn ($741m), will be the second red chip real estate issuer in two days to price a dual-tranche Panda deal.

Any debt bankers hoping for an early summer lull were left sorely disappointed on Tuesday, as a slew of Chinese issuers ensured a breakneck pace of issuance.

Chinese state-owned Shandong Energy Group Co is taking orders for its inaugural international bond, while property developer Gemdale Corp is also in the market for a new debt outing.

China’s ENN Energy Holdings grabbed a $600m bond on Monday, as investors ate up the credit given its three year hiatus from the international debt market.

British Columbia has hired Bank of China (BOC) for its second Panda deal, GlobalRMB has learned. Meanwhile, Hungary has chosen BOC and HSBC for a long-awaited Panda debut with a prospectus expected on Friday.

Great Wall Motors, the largest sports utility vehicle and pick-up manufacturer in China by units sold, has approached the overseas loan market with a $350m fresh money fundraising.

Electric power generation company Zhejiang Provincial Energy Group is tapping the loan market to repay its debut dollar bond from 2014.

A relatively stable credit backdrop has encouraged a swathe of Asian issuers to tap the bond market this week, ensuring a blistering pace of issuance.