China

The Central American Bank for Economic Integration (Cabei) completed a run of five Taiwan dollar bonds this week, raising a total of NT$7bn ($205m).

Morgan Stanley became only the second issuer to sell Hong Kong dollar bonds backed by a guarantee from the US government on Tuesday, when it sold a HK$1.5bn ($194m) three year and four month deal.

General Electric Capital Corp this week became the first issuer to sell bonds backed by the US government in the Hong Kong dollar market, raising HK$2.5bn ($322m) from a three year deal. GECC increased the private placement yesterday from an initial size of HK$1bn when it priced on Wednesday to HK$2.5bn. The notes pay 20bp over three month Hibor and were sold to a number of different investors.

The Export-Import Bank of Korea (Kexim) reopened Malaysia’s ringgit bond market for international borrowers on Wednesday night, raising M$220m ($61m) in a three year deal.

Fukuoka Prefecture priced ¥30bn of 30 year bonds on Tuesday, setting a new record in Japan’s long dated municipal bond market.

The Republic of Indonesia is set to launch its first retail-targeted Islamic bond today, as it looks to develop its domestic Islamic finance market.

Credit Suisse’s Chinese joint venture made its debut in the renminbi bond market this week, a month after the Swiss bank got its permit to partner with local brokerage Founder Securities.