China

Guosen Securities (Overseas) Company Limited has told the trustee for its bondholders that part of the keepwell deed attached to its CNH bonds that mature in 2017 is no longer in full force and effect. According to a notice that trustee Bank of New York Mellon sent out to bondholders on March 23 2016 and which has been obtained by GlobalRMB, this constitutes an event of default.

Index provider FTSE Russell announced on Wednesday a new index which combines for the first time the China A-shares and Hong Kong-listed H-shares of the 50 largest Chinese companies.

Xinjiang Goldwind Science & Technology has obtained board approval to issue up to Rmb5bn ($770m) of debt instruments, according to a filing with the Hong Kong Stock Exchange.

There has been a double-digit growth of RMB adoption among financial institutions across all regions, according to the latest data from the Society for Worldwide Interbank Financial Telecommunication (Swift).

Bank of Communications is poised to become one of the first major Chinese lenders to issue domestic green bonds, announcing an ambitious Rmb70bn ($10.8bn) issuance plan on Tuesday.

The Sri Lankan government is readying itself for an international bond, having sent out a request for proposals on Tuesday.

The Society for Worldwide Interbank Financial Telecommunication (Swift) signed a memorandum of understanding with Chinese payment infrastructure firm CIPS Corp on March 25. The organisations will co-operate to improve the China cross-border interbank payment system (CIPS) ahead of the launch of its next development stage in 2017.

The National Association of Financial Market Institutional Investors (Nafmii) has wrapped up a consultation on the securitization of non-performing loans (NPLs), paving the way for the asset class to materialise.

Shanghai Pudong Development Bank (SPDB) returned to China's domestic green bond market last week, less than two months since its last transaction.

Huishang Bank Corp has received approval from its board to issue an offshore bond to replenish its additional tier one capital, in a deal that will be the issuer’s debut in the international debt market.

Yunnan Provincial Investment Holdings Group (YIG) attracted strong demand for its maiden dollar bond on Wednesday as its link to China’s provincial government worked in its favour.

Chinese regional lender Bank of Jinzhou is planning to launch an H-share private placement in Hong Kong, according to a filing with the city’s stock exchange on Thursday.