China

KfW this week added its name to a run of offshore renminbi issuers over the last few weeks, with investors appearing to be keen for paper that can offer a yield of over 3%.

Veolia Environnement became the first French company and only the second European corporate to issue a Panda bond, raising Rmb1bn ($150m) this month with a privately placed note.

Dalian Wanda Group Corp is expected to begin gauging demand for a $600m borrowing next week that help to fund the development of a tower project in Chicago, said sources.

US-listed Chinese travel company Ctrip.com International has raised $2.2bn after pricing a convertible bond and a block of American Depositary Shares.

A pair of red chip companies created their respective benchmarks in the Panda bond market this week, raising a combined Rmb5bn ($749m).

Fixed income investors had plenty digest on Thursday with a total of seven Chinese issuers vying for attention. The majority are eyeing dollars but two names are venturing into offshore renminbi.

The International Swaps and Derivatives Association has published a document to help market participants navigate the challenges of trading with counterparties in China.

The quota system under the RMB qualified foreign institutional investor (RQFII) scheme has undergone a total revamp, the Chinese regulators announced on September 5. While the rules represent a further harmonisation of RQFII and QFII schemes, market participants still see obstacles to Chinese assets entering global indices.

China South City Holdings (CSC) raked in $200m from its Tuesday bond outing in what was a busy day of issuance in Asia’s primary debt market. The competition took a toll on the deal, as demand for the high yield property name was lacklustre.

Inner Mongolia Energy Engineering Co is planning to float in Hong Kong, filing a draft prospectus with the city’s stock exchange on Monday.

GF Securities has finally settled on raising HK$8bn ($1bn) from its latest syndicated loan, doubling the size of the fundraising due to robust demand.

China South City Holdings (CSC) has returned to US dollars after an absence of close to three years.