China

Macquarie Bank met investors on a non-deal roadshow in Malaysia last week, leading to speculation that it may be working on its first ringgit-denominated bond issue.

Shanghai Yuyuan Tourist Mart, the Chinese retailer, is set to become the first company to tap the country’s corporate bond market in almost a year when it sells a Rmb500m ($73m) deal today (Friday).

The Republic of Indonesia is in discussions with investors ahead of its debut Samurai issue, as it moves closer to opening the yen market for Asian sovereigns.

Robinsons Land, a Philippines property developer, has sold its first retail-targeted bond in the domestic peso market, raising Ps5bn ($104m) in a deal that bankers said was heavily oversubscribed.

Commonwealth Bank of Australia raised over $3bn this week, tapping global investors as well as domestic buyers with four different bond deals.

Barclays Bank became the first global bank to sell a Samurai bond since the collapse of Lehman Brothers this week, when it raised ¥52.7bn ($559m) in a non-guaranteed benchmark.

Bank of Communications (BoCom) is set to sell up to Rmb25bn ($3.65bn) of subordinated debt this year, adding to the rapidly increasing volume of the securities sold by Chinese lenders.

HSBC became the first non-Chinese bank to sell renminbi bonds to Hong Kong investors when on Thursday it issued a Rmb1bn ($146m) deal that marks the next step in the liberalisation of the Chinese currency.