China

VPBank Finance, the consumer finance arm of state-owned Vietnam Prosperity Bank, is accessing the debt market for a $100m loan backed by accounts receivable.

China Minmetals Corp printed its first dollar bond of the year on Wednesday, replicating the same structure as its last outing a year ago. While some market participants reckoned the issuer was aggressive with pricing, the secondary performance of the notes indicated otherwise.

China Jinjiang Environment Holding Co has bagged S$184.3m ($135.8m) after wrapping up a Singapore listing, in a rare transaction from a mainland company.

CDB Capital, a wholly-owned subsidiary of China Development Bank Corp, has mandated banks to arrange a roadshow from Friday for a Reg S only dollar trade.

Invitations are out for commodities trader Trafigura’s annual Asian financing, which as in the past couple of years includes a renminbi tranche.

The renminbi suffered a setback and was overtaken by the Canadian dollar as the fifth most used currency for payments globally, according to the Society for Worldwide Interbank Financial Telecommunication’s (Swift) RMB tracker for June.

The Brics New Development Bank (NDB) executed a landmark trade on July 18, making its capital markets debut with a Rmb3bn ($450m) bond in China. But when even the authorities have trouble knowing whether to classifying it as green or Panda debt, it is clear the need for unambiguous and official bond regulation is long overdue.

Greenland Hong Kong and China Railway Group opened books for their respective dollar bonds on Thursday after meetings with investors earlier this week.

China Minmetals Corp started attracting attention from investors on Wednesday morning, taking bids for a dollar offering divided into a five and 10 year.

China gave the first sign that it has started phase two of the renminbi cross-border interbank payment system (CIPS) with Bank of China Hong Kong (BOCHK) becoming the first offshore direct participant last week.

A $400m loan for Wanda Commercial Properties Hong Kong has closed with six lenders joining in senior syndication.

The Brics New Development Bank (NDB) marked its first appearance in the capital markets with a Rmb3bn ($448m) green bond on Monday that was notable for its extremely tight pricing.