China

Incitec Pivot, the Australian fertiliser and explosives manufacturer, raised $500m on Tuesday in a 144a private placement.

The Development Bank of Japan plans to sell bonds in the Hong Kong renminbi market and has discussed moving the proceeds of the deal to the mainland with Chinese authorities, Tomoki Matsuda, director general of DBJ’s treasury department, said this week.

Hong Kong’s renminbi bond market had a burst of activity this week as Goldman Sachs and UBS placed their first deals in the offshore market, China Development Bank returned for a two year issue that got $7.5bn of demand and Export-Import Bank of China (Chexim) plotted its own return.

Philippine oil company Petron Corp sold an international synthetic peso bond this week, following the country’s government in giving global investors exposure to a currency that shot to a two-year high this week after the US Federal Reserve pledged another round of quantitative easing.

Philippine oil company Petron Corp started meeting investors this week ahead of a global peso deal that could launch within the next few days, following the Republic of the Philippines’ $1bn deal last month.

The Asian Development Bank pushed the maturity of the Hong Kong renminbi bond market out to 10 years this week, selling a Rmb1.2bn ($180.4m) deal that fellow supranational lender International Finance Corp now plans to follow.