DBS

Property developer Lai Fung Holdings will kick off a roadshow next week for a new dollar bond.

Reliance Industries has allocated its $2.49bn multi-tranche fundraising among 31 banks, with plans to transfer in the new lenders before the end of the year, said bankers close to the trade.

Three Asian issuers, China Fortune Land Development Co, Luso International Banking and Shandong Hi-Speed Group Co, sold their inaugural bonds on Thursday, taking home $1.15bn between them.

Chinese local government financing vehicles Huzhou City Investment Development Group Co and Urumqi Gaoxin Investment and Development Group Co brought home a combined $500m on Wednesday as issuers seal last-minute deals before the end of the year.

Shandong Hi-Speed Group Co (SDHS) and China Fortune Land Development Co are both taking bids for unrated three year dollar bonds on Thursday.

Three Chinese issuers hit the market on Tuesday with dollar deals, but each saw a very different outcome. One company sealed a successful trade, another locked up a private placement style bond, while the third was forced to pull its transaction.

Chinese local government financing vehicles (LGFV) Huzhou City Investment Development Group Co and Urumqi Gaoxin Investment and Development Group Co hit the market with dollar deals on Wednesday.

Three Chinese issuers hit the debt market on Tuesday, launching dollar deals. While the pace of new issuance is beginning to slow down, there appears to be no end in sight for the primary bond market.

Chinese firms Shandong Hi-Speed Group Co (SDHS) and Suzhou Dongshan Precision Manufacturing Co have laid out plans for their respective international bonds.

Two borrowers from the Shandong province in China used different approaches to woo dollar investors to their deals on Thursday, with one going for a rare structure and the other opting to anchor its issuance.

Four Chinese corporate issuers Wanda Holding Group Co, Shandong Iron & Steel Group Co, Hefei Industry Investment Holding (Group) Co and Wuhan State-Owned Asset Management Company are fighting for investors’ attention on a busy Thursday in the primary bond market.

Qingdao Conson Development (Group) Co priced its $400m international debut on Tuesday, paying what bankers considered a reasonable new issue premium against a volatile market backdrop, as the issuer took advantage of investors’ familiarity with Qingdao city.