China
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The first onshore dollar bond from a Chinese local government financing vehicle (LGFV) has showcased another funding option for indebted municipalities amid continued high onshore borrowing costs in local currency.
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As Beijing allows local municipalities to issue debt directly into the interbank bond market, the role of municipalities’ third-party vehicles is set to diminish — but not investors’ appetite for their bonds. -
State-backed technology companies are poised to launch their debut dim sum bond deals as early as this week, giving investors exposure to an industry that has so far played a minor role in the market.
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Agricultural Development Bank of China starts a two day deal roadshow on Tuesday with a view to issue a CNH bond.
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China Electronics Corporation Holdings Co is hoping to make its debut in the dim sum bond market this week to become the first Chinese state-owned enterprise (SOE) to enter the market this year.
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Agricultural Development Bank of China starts a two day deal roadshow on Tuesday with a view to issue a CNH bond.
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China Development Bank (CDB) issued the debut bond from a financial institution in China’s stock exchange market on December 27 as regulators try to diversify the country’s debt markets. The final issuing size of the dual-tranche deal was Rmb12bn with a two year ticket sold at 5.80% and a five year portion offered at 5.84%.
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A total of 10 companies are poised to complete their IPOs by January after the CSRC started giving applicants the long awaited go-ahead after a more than one year long moratorium on new listings.
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China Development Bank (CDB) issued the debut bond from a financial institution in China’s stock exchange market on December 27 as regulators try to diversify the country’s debt markets. The final issuing size of the dual-tranche deal was Rmb12bn with a two year ticket sold at 5.80% and a five year portion offered at 5.84%.
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In this week’s round up of offshore renminbi news, IFC and Standard Chartered launch RMB funding partnership, London sees renminbi payment growth, and China’s Ministry of Commerce simplifies FDI rules.
