China

Veolia Environnement etched its name into the record books this week by becoming the first French company and only the second European corporate to issue a Panda bond.

Chinese auto rental company eHi Car Services has signed up new lenders for its $150m loan that opened for retail participation in May.

China's GF Securities is planning to increase the size of its syndicated loan to between HK$8bn ($1bn) and HK$12bn from the HK$4bn it had originally sought.

Dollar investors are getting the chance to assess two first-time issuers, with Emperor International Holdings and Union Life Insurance hitting the road.

The Central American Bank for Economic Integration (Cabei) is back with a Formosa bond just three days after it raised Rmb700m ($105m) in the same market.

Chinese data analytics firm Gridsum Holdings is planning a $75m float on the Nasdaq, according to a draft prospectus filed with the US Securities and Exchange Commission.

Yingda International Leasing, which launched a $200m syndicated loan in January, has modified the deal's terms after a change in ownership.

The World Bank broke a 30 year silence in special drawing rights (SDR) bonds with the sale of a SDR500m ($700m) three year note in China on Wednesday. While the Mulan bond is widely seen as a symbolic gesture to promote the internationalisation of the renminbi, market participants said it is more than that, in spite of the relatively narrow investor base. Paolo Danese and Rev Hui report.

First-timer Far East Consortium International found markets plane sailing on Wednesday, managing to raise $300m thanks to no other high yield names distracting investors.

The World Bank broke a 30 year silence in special drawing rights (SDR) bonds with the sale of the SDR500m ($700m) three year note in China on Wednesday. While the Mulan bond is widely seen as a symbolic gesture to promote the internationalisation of the renminbi, market participants said it is more than just that in spite of the relatively narrow investor base.

Just a day after DBS sealed a $750m deal from a Basel III compliant additional tier one note, the bank capital market has seen some fresh action with United Overseas Bank eyeing a tier two offering.

China has pushed hard for a greater role for the IMF special drawing rights (SDR) since the global financial crisis. But while the SDR may help the renminbi internationalisation strategy it will not help overthrow the dollar as the de facto world currency, according to Benjamin Cohen, professor of international political economy at the University of California Santa Barbara (UCSB).