China

China Oceanwide Holdings has added $200m to its five year bond issued last year, taking advantage of the note’s strong performance in the aftermarket.

The People’s Bank of China (PBoC) is likely to issue its planned onshore bond denominated in special drawing rights (SDR) as a multi-currency structured note, according to industry participants.

China’s Midea Group is looking to gauge interest for its maiden outing to the international bond market, just days after announcing a multi-billion-euro acquisition in Germany.

CIMB Group has reinstated Nazir Razak as chairman following a month-long review triggered by several money transfers involving his personal bank account.

SCPG Holdings is planning to issue up to Rmb2bn ($306m) in the onshore renminbi debt market as early as this month while Hong Kong-based Chong Hing Bank is set to price its debut Panda bond of up to Rmb1.5bn on May 20.

SCPG Holdings is planning to issue up to Rmb2bn ($306m) in onshore renminbi debt as early as this month. The trade will mark the sixth Panda deal in the exchange market.

Zhejiang Geely Holding Group is set to sell its first dollar-denominated green bond on Thursday that comes with a standby letter of credit from Bank of China’s London branch. The offering marks the third dollar green debt to be sold by a Chinese issuer.

China Construction Bank Financial Leasing Corp has announced plans to issue its second dollar bond as early as this month, days after some of its industry peers made successful returns to the debt market.

Deutsche Bank has hired HSBC veteran Frank Fang as head of corporate banking coverage for China.

Chinese sportswear manufacturer 361 Degrees International is looking to make its maiden appearance in the dollar bond market, having mandated one bank to work on the proposed issuance.

Debt capital market bankers have long preached that diversifying into the US investor base is the next stage of development for Chinese issuers. But with recent transactions failing to resonate with stateside accounts, Chinese names should give up on US investors for now.

Goldman Sachs has sold the largest offshore renminbi deal of the year, raising slightly more than Rmb1.3bn ($199m) from a Formosa bond on Tuesday.