China

CME Group, the world’s largest derivatives marketplace, has entered into a co-operation agreement with the China Foreign Exchange Trade System (CFETS), the top trading platform in the country for RMB products, CME said on September 25. Meanwhile, ParFX, a wholesale electronic trading platform, announced on September 23 it was adding the RMB to its currency trading platform.

Bank of China Paris branch, BNP Paribas, HSBC France and Natixis are to share euro/offshore RMB (CNH) exchange rate information, financial organisation Paris Europlace said in a September 24 press release.

Natural gas storage and transportation service provider CIMC Enric Holdings has sealed a $150m loan, finding demand from a syndicate of 13 banks.

Asian green bonds are finally taking off, with an increase in dealflow and the emergence of new markets set to transform the potential of the asset class. But the investor base remains largely non-specialised, with the green credentials of a deal often of little importance. Christina Khouri reports.

China Development Bank opened books on September 29 for a dollar-euro combo, taking advantage of a small issuance window before China begins its Golden Week holidays on Thursday.

Bank of China Hong Kong took the market by surprise on September 29 when it announced in the morning that it had successfully completed its Rmb1bn ($157m) Panda bond. That meant BOCHK, whose deal had been expected to run alongside a similar trade from HSBC that also priced on Tuesday, was able to claim the position of the first foreign bank to issue in China’s domestic bond market.

Recent volatility surrounding China’s A-share market has prompted Huishang Bank to ditch its Shanghai listing in favour of an H-share placement.

Yuexui Real Estate Investment Trust (Reit) has sealed a $217m loan to back its acquisition of Hongjia Tower in Shanghai, with eight lenders coming on board.

Chinese developer Soho China has announced plans to buy back its existing bonds, a month after Moody’s and Standard & Poor’s each downgraded it by one notch.

China’s ENN Energy has made a tender offer to its bondholders to repurchase for cash any and all outstanding notes, as part of the company’s debt management efforts.

Weichai Power sold its debut offering this week in the first deal under new Chinese rules for offshore bond issuance. Despite the changes to the guidelines, market watchers reckon the impact on the DCM market will be minimal.

Invitations are out for China Greenland Rundong Auto Group’s $100m three year term loan that comes with a $50m greenshoe. The deal, which has two banks at the top, is open only to senior lenders at the moment.