DBS

CDL Properties has made a splash in the Singapore dollar debt market, selling the country’s first green bond, a S$100m ($71.3m) two year deal.

Ant Financial subsidiary Alipay (Hong Kong) Holding has launched a $3bn debut syndication via a nine-member bookrunner group. The strong showing at the top is driven by opportunities to cross-sell higher fee-generating products such as private banking, equity advisory and underwriting services to the Alibaba Group-affiliated borrower, reports Shruti Chaturvedi.

CDL Properties has thrown open the doors for the Singapore green bond market, launching its deal on Thursday, just two weeks after the country announced a grant scheme for socially responsible issuers.

Issuers from Greater China, including Yanzhou Coal Mining Company (Yancoal) and Regal Hotels International Holdings, have opened books for new perpetual notes, while China Oil and Gas Group has mandated firms for its return.

Modernland Realty launched a new dollar deal on Thursday, following on the success of other high yield Indonesian names this year.

Ascott Residence Trust has wrapped up its rights issue 1.8x covered, raising S$442.7m ($313.7m) for the Singapore real estate investment trust.

ONGC Videsh (OVL), the overseas investment arm of Indian state-owned ONGC, has selected three banks for a $500m term loan to replace a bridge from last year. The oil firm is also raising funds in yen, and has picked two Japanese lenders for the financing, said a source.

Nine mandated lead arrangers and bookrunners have invited lenders to join the international loan market debut of Ant Financial subsidiary, Alipay (Hong Kong) Holding. The money will partly be used to support Ant’s bid to acquire MoneyGram.

Chinese property developer Yanlord Land Group is mulling increasing the size of its latest borrowing after over $1bn of commitments poured in for the $600m loan.

Chinese iron and steel making conglomerate Hesteel Group Co has snapped up $500m on the back of a price rally in the steel sector onshore, with bankers praising the company’s efforts to woo accounts during a roadshow.

Allocations have emerged for a $1.75bn multi-tranche borrowing by Indian conglomerate Reliance Industries, with retail liquidity ending up concentrated on a longer dated portion.

Emperor International Holdings, Xinjiang Guanghui Industry Investment (Group) Co and Zhuhai Huafa Group Co sealed new dollar deals on Thursday, going into their respective transactions with books fully covered.