China

Central China Real Estate has extended bookbuilding for its bond by one day after experiencing lukewarm demand. A combination of a volatile market backdrop, the company’s weakened financial performance and overly ambitious price guidance put investors off from committing.

Euronext and the Shenzhen Stock Exchange (SZSE) signed an agreement last month to increase the public profile of small and medium sized technology enterprises listed on both exchanges. This is the latest in a series of initiatives between the two parties which Lee Hodgkinson, Euronext’s head of markets and global sales, said is part of a strategy to bring Europe closer to China.

Wuhan Metro Group and Jiangsu Zhongguancun are the latest Chinese corporates to launch inaugural dollar bonds, while Huishang Bank has issued a mandate for additional tier one, it’s first offshore transaction.

Shanxi Road & Bridge Construction Group printed a three year bond on October 28. The trade is expected to set the pricing benchmark for Local Government Financing Vehicles from the province — which are looking to diversify funding channels by going offshore.

Central China Real Estate is looking to raise dollar funding to mainly refinance Singapore dollar notes sold in 2014.

BOC Aviation has used the full greenshoe on its latest dual-tranche fundraising, wrapping it up at $1.5bn to mark its single largest financing.

China’s United Photovoltaics Group is considering selling a new dollar bond and has mandated two leads to run its transaction.

China’s domestic fixed income market is set for another milestone with National Bank of Canada (NBC) poised to sell a Panda bond on Wednesday – becoming the first North American bank to do so.

Aluminum Corporation of China has re-entered the market with a perpetual non call five dollar bond, opening books on Monday morning.

Bohai Capital Holding Co and Suqian Economic Development Corp have picked banks to arrange their respective international bonds.

China Development Bank Hong Kong gave investors a dual option on October 27, issuing a five year dollar bond and a three year euro deal, finding space in a crowded market that saw six other trades hit the screens.

Three Chinese corporates hit the debt market on Thursday on a busy day of issuance in Asia. Beijing Capital Development Holdings (Group), Golden Wheel Tiandi Holdings Company and a financing vehicle from Guangxi raised a combined $900m from deals.