China

Indonesia made a successful debut in its domestic Islamic bond market last Friday, pricing a Rph4.7tr ($503m) bond split between seven and 10 year tranches.

Indonesia made a successful debut in the Islamic bond market on Friday, pricing a Rph4.7tr ($503m) bond split between seven and ten year tranches. The long-awaited domestic deal allows the government to tap Islamic investors for the first time in the world's most populated Muslim nation, and serves as a precursor to the sovereign's planned debut in the global sukuk market, set for later this year.

Export-Import Bank of China (Chexim) this week highlighted the continued strength of demand for renminbi-denominated bonds among Hong Kong investors, when it sold Rmb3bn ($428m) of three year notes on Wednesday.

Oversea-Chinese Banking Corp (OCBC) is preparing its second tier one issue in the Singapore dollar market, offering a S$1bn ($711m) hybrid deal to institutional, private and retail investors at an impressively tight spread.

Cargill, the US food and commodities trading company, is meeting investors in Thailand this week ahead of a planned September bond sale.

China Export-Import Bank (Chexim), the state-owned export lender, will become the first issuer to make two trips to Hong Kong to print renminbi-denominated bonds when it opens books on a three year deal later in August. It will also become the second issuer from China’s recently approved list of five to raise renminbi funds in the territory.