China
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China Construction Bank has closed its renminbi deal in Hong Kong, becoming the third Chinese borrower in as many months to tap the special administrative region to raise domestic funds. A fourth is going to follow soon, as Bank of China opens the books to its own deal.
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China Merchants Bank priced the biggest renminbi bond of the year on Wednesday, a Rmb30bn ($4.38bn) subordinated deal that illustrates the growing demand for bond market investments in China.
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Kookmin Bank sold bonds worth W1.1tr ($979m) this week as the South Korean bond market recorded a strong end to the summer despite concerns over a falling currency and government bond redemptions. The volume of new issues sold in August climbed 44% over the previous month.
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China Merchants Bank priced the biggest renminbi bond of the year on Wednesday with a Rmb30bn ($4.38bn) subordinated deal that illustrates the growing demand for bond market investments in China.