China

Foreign investors have got their first taste of Chinese residential mortgage backed securities after Postal Savings Bank of China managed to draw them in with the inaugural internationally rated offering from the asset class.

Tencent is said to be sounding out lenders for yet another multi-billion dollar borrowing following it's recent offer game for game developer Supercell. The move comes after the Chinese technology firm has already raised $6.89bn from syndicated loans in the past seven months.

A trio of new names are joining Credit Suisse’s investment banking and capital markets (IBCM) team in China, as it looks to bolster its onshore business.

Cement producer TCC International Holdings has chosen a group of four lenders to helm its latest $450m outing in the syndicated loan market.

Volkswagen Finance Services ventured into the China auto ABS market for the second time this year with its Rmb2.99bn ($446m) Driver China Four offering – the company’s tightest priced securitization in the country.

The Hong Kong unit of Global Logistic Properties has launched on Monday what market participants are calling the first public Panda bond from an international corporate.

Shenzhen Expressway, which held a roadshow earlier this month for its first international bond in more than four years, has kicked off bookbuilding for a five year trade.

Warehouse developer China Logistics Property Holdings Co has added HK$3.4bn ($438.3m) to its coffers after sealing a Hong Kong IPO at the top of price guidance, according to a source close to the deal.

Chongqing Grain Group sealed a successful Rmb1bn ($150m) dim sum bond on Thursday, coming close on the heels of Bank of China, which raised a mammoth $3bn in currencies including offshore renminbi, dollars and euros.

ICBC Luxembourg became the Chinese lender’s fourth overseas unit to issue a fixed rate dollar bond this year, raising $800m from a three year offering.

A local government financing vehicle of the Huai’an municipality in China has raised $300m from the bond market, finding decent demand not just from domestic accounts but also from European and global investors.

China Orient Asset Management International has increased the size of its debut syndicated loan to $350m from $200m, after commitments in excess of $800m poured in.