DBS

Zhongshan Dasin Holdings Co is planning to float a real estate investment trust on the Singapore Exchange via an IPO that could be worth around $400m, according to a source familiar with the matter.

Softer markets caught Central China Real Estate off guard this week, with the leads forced to increase pricing after launch to get its deal away. The deal highlights a shift in pricing for high yield property developers at a time when supply is set to increase, writes Addison Gong.

Central China Real Estate wrapped up an unconventional two-day bookbuilding for its new bond on Tuesday. Investors had turned their backs to the original aggressive pricing, forcing the leads to price the deal 75bp higher than the initial guidance.

Aluminum Corporation of China (Chalco) raised $500m from a perpetual non-call five year bond on Monday, managing to woo investors against a volatile backdrop.

Central China Real Estate has extended bookbuilding for its bond by one day after experiencing lukewarm demand. A combination of a volatile market backdrop, the company’s weakened financial performance and overly ambitious price guidance put investors off from committing.

Central China Real Estate is looking to raise dollar funding to mainly refinance Singapore dollar notes sold in 2014.

BOC Aviation has used the full greenshoe on its latest dual-tranche fundraising, wrapping it up at $1.5bn to mark its single largest financing.

Aluminum Corporation of China has re-entered the market with a perpetual non call five dollar bond, opening books on Monday morning.

Bohai Capital Holding Co and Suqian Economic Development Corp have picked banks to arrange their respective international bonds.

Aluminum Corporation of China is planning its return to the international bond market, having hired banks for a Reg S dollar senior perpetual.

Cofco Meat Holdings has sealed its IPO at the bottom of guidance, netting HK$2.0bn ($257.9m), according to a banker close to the transaction.

International Finance Corp has made its first appearance in the Singapore dollar market in seven years. Its new treasury hub allows the supranational to give greater attention to Asian markets, the borrower’s Flora Chao told GlobalCapital Asia.