China

The New Development Bank Brics (NDB) has appointed four Chinese banks and two internationals banks to work on a renminbi-denominated green bond to be sold to Chinese onshore buyers.

John Fei, chief executive for Hong Kong and China at Maybank Kim Eng’s Hong Kong arm, has ambitious plans. He wants it to break into the city’s top 15 investment banks, he told GlobalCapital Asia in a recent interview.

China has gone one step further with its green ambitions, launching a trial for the country’s first pair of domestic green bond indices.

BoC Aviation attracted a horde of investors to its first 10 year bond in 144A format ahead of a planned IPO in Hong Kong. While the proposed listing caused concern among some investors about the company's ownership, bankers on the deal say that the notes’ primary and secondary performance indicates they were in a minority. .

Onshore exchanges are marking rapid growth, as regulations force China shorters to take an increasingly creative approach.

China Aoyuan Property Group executed a highly popular $250m transaction this week that saw books more than seven times covered, in what was a rare appearance from a Chinese high yield property company in the dollar bond market.

Bank Nederlandse Gemeenten has debuted in the offshore renminbi market, becoming one of only a handful of public sector issuers to access the market this year.

The Shanghai Gold Exchange (SGE) is expanding its international offering with an RMB-priced gold benchmark launched on April 19, with two foreign banks among the initial participants in the auction.

The Export-Import Bank of China (Chexim) attracted high quality non-Chinese bidders for its dual currency, triple tranche offering this week. The response shows that demand remains high for mainland credits despite concerns about the country’s growth.

China’s National Association of Financial Market Institutional Investors (Nafmii) has published a trial disclosure framework for non-performing loan securitization, paving the way for the first batch of deals to come later this year.

Five lenders have opened into syndication a $1.5bn loan for Tencent Asset Management, the investment arm of Chinese technology firm Tencent Holdings.

Bond investors woke up to a pair of investment grade Asian issuers on Wednesday with the government of Malaysia seeking bids for a dual-tranche wakala sukuk and BoC Aviation looking to close a conventional 10 year.