China

Indonesia’s Bank Mandiri, which had been considering a dollar bond issue, is likely to turn to its domestic bond market for subordinated debt, according to its chief executive this week.

The African Development Bank (AfDB) is considering a return to the Singapore dollar bond market to take advantage of falling funding costs for foreign supranational, sovereign and agency issuers.

Robinsons Land, the real estate arm of Philippines conglomerate JG Summit, has sold Ps5bn ($103m) of five year bonds in its second retail-targeted deal in a month.

Members Equity Bank raised A$500m in Australia’s bond market this week in a rare senior unsecured deal from a borrower that mainly relies on the securitisation market for its funding.

Vietnam’s Sacombank completed its D2tr ($117m) debut bond issue last week in the latest evidence that liquidity is returning to the Vietnamese debt market.

Hong Kong and China Gas (Towngas), Hong Kong’s monopoly gas utility, has raised HK$500m ($71m) from local investors in a rare long term bond issue in its local market.

Korea Water Resources Corp kicked off its plans to raise debt in Asia’s bond markets this week, becoming the first Korean company to sell bonds in Hong Kong.

Hong Kong’s Urban Renewal Authority raised HK$1.5bn ($194m) in its domestic bond market this week, becoming the latest Hong Kong borrower to turn to its local market for the first deal off a multi-currency MTN programme.