China

Dongfeng Peugeot Citroën is planning to start the bookbuilding process for a Rmb1bn ($155m) securitization of auto loan mortgages next week.

Chinese regulators gave Mainland-based corporates more breathing space by simplifying access to offshore borrowing and injecting more dollar liquidity in the onshore foreign exchange (FX) market on April 29.

Electrical appliance maker Midea International Corp has approached the syndicated loan market for a $330m fundraising.

The default by two state owned enterprises this year has stirred fears that the surge in China’s debt to 240% of GDP heralds further problems that could spill over into the offshore bond market with profound negative consequences.

Issuers of consumer asset-backed securities look poised to take advantage of wobbles in the Chinese collateralised loan obligation market in the wake of high-profile defaults by state-owned enterprises.

China Aluminum International Engineering Corp (Chalieco) is planning to issue renewable bonds in China’s domestic debt market to expand its funding channels.

Industrial and Commercial Bank of China’s Singapore branch has ventured out to the dollar bond market straight after the end of Labour Day holidays, launching a three year offering on Tuesday.

The president of the Asian Infrastructure Investment Bank, Jin Liqun, tells Emerging Markets that he expects strong demand for its debt and reveals that he is looking to invest in emerging economies across the world as well as in Asia.

China Aircraft Leasing issued its first dollar bond on Thursday, sealing $300m from an offering that was notable for the stark difference in response in the primary and secondary markets.

Chinese technology group Huawei Investment & Holding left nothing to chance with its $2bn bond return. It paid up to compensate for the size of the deal and to soothe investor concerns over the poor secondary performances of other recent deals.

Allocations are out for a $430m five year loan for Baring Private Equity Asia’s acquisition of cosmetics packaging company HCP Global.

State Grid Corp of China is set to go on the road next week to gauge interest for a dual-currency bond, as it seeks to raise funds in dollars and euros.