CITIC Securities

Dongfeng Nissan Auto Finance completed its return to the Chinese auto loan ABS market with a Rmb1.5bn ($242m) deal this week. Not only did the joint venture firm manage to get a bigger trade done, it also got far better pricing this time around than in its debut last year.

With equity capital markets at their nadir of summer somnolence, mid-August is the moment at which the year’s rivalry between investment banks can truly be said to have completed its first half, with the second semester not yet begun.

Metro Retail shops around $123m float — Alkem Laboratories files $200m listing — CRCC High-Tech gets IPO on track

The Singapore IPO market finally has something to look forward to, after a quiet year to date, thanks to Jiangxi Jiangling Chassis, which filed its preliminary prospectus on August 12.

The proposed listing of CRCC High-Tech Equipment Corp on the Hong Kong Stock Exchange (HKEx) is gaining steam after the Kunming-based company filed its A-1 on August 6.

Oceanwide Holdings managed to reach the finish line for its $400m bond on Tuesday, the same day another high-yield issuer was forced to shelve its deal due to weak demand. Oceanwide’s triumph was thanks to the existence of outstanding notes that were trading well in secondary, as well as investors’ familiarity with the credit.

Filipino property firm DM Wenceslao and Associates Inc has filed for a listing to raise $200m, in a deal led by BPI Capital, Citic CLSA Securities, Deutsche Bank and Maybank. The float is expected to go live in the fourth quarter of this year, say bankers.

Dongfeng Nissan Auto Finance is back in the Chinese auto loan ABS market this week after a hiatus of more than a year. But unlike its debut in 2014, the joint venture firm is now eyeing a much larger Rmb1.5bn ($242m) transaction that features an international rating from Moody’s.