China

ChemChina gave 11 banks allocations in the $20bn tranche of its Syngenta acquisition loan on Thursday, bringing the total number of banks in the syndicate to 16.

Investments into emerging market equity exchange traded funds have slumped this year, but this has left call structures and outperformance options looking cheap if Chinese capital outflows ease.

ChemChina gave 11 banks allocations in the $20bn tranche of its Syngenta acquisition loan on Thursday, bringing the total number of banks in the syndicate to 16.

The Asia ex-Japan loan market betrayed little direction in the first quarter and the mood of syndication bankers is one of measured optimism for the year ahead. Bankers are making diversification their new goal and are hunting down opportunities in newer sectors, writes Shruti Chaturvedi.

Guosen Securities (Overseas) Company has denied that an event of default had taken place with regards to its dim sum bonds on Thursday, just days after the broker had issued a notice saying otherwise.

Citi has lost its vice-chairman for Asean corporate and investment banking Tracey Woon, who is joining UBS in the third quarter of 2016.

Wang Xiao Zhou, who heads up loan syndication and product portfolio management at Bank of China, is leaving for a new position with Bank of China Group Investment (BoCGI).

Geely Automobile Holdings is laying the groundwork for a dollar-denominated green bond that is expected to launch in the middle of the year.

Guosen Securities (Overseas) Company Limited issued a clarification announcement on March 31 to the Hong Kong Stock Exchange saying that Bank of New York Mellon, the trustee of its outstanding dim sum bonds, has issued a notice to bondholders stating that no event of default of its bonds has occurred.

Bank of China received board approval this week to issue tier two notes of up to Rmb60bn ($9.2bn), according to a filing on the Hong Kong Stock Exchange.

Citi has boosted its research capabilities in Asia, hiring Liu Li-Gang as chief economist for China.

ChemChina will choose the banks to participate in the $20bn tranche of its Syngenta acquisition loan imminently, according to a banker close to the deal.