Deutsche Bank

Chinese corporates have rushed to take advantage of a recent change to regulations governing their use of currency derivatives, with domestic and international banks lining up to announce deals for clients under the new rules. This new liberalisation, which took effect on August 1, is a big step in the development of China’s FX market, bankers have told GlobalRMB.

The chief financial officer of Latin American development bank Corporación Andina de Fomento (CAF) said the lender’s return to the public dollar markets on Tuesday for the first time in two years showed its new-found appeal to SSA-dedicated bond investors.

Ecobank Nigeria has priced its $200m seven year non-call five deal at a yield of 9% with a large tightening in price guidance that seemed to brush aside critics who said printing a note this week would be challenging. But the note was sold with a size that several syndicate officials away from the deal said was smaller than the “benchmark” size originally advertised.

Chinese commodity trader Qingdao Develop Way Industrial Co has opened up a $120m three year loan, with Deutsche Bank as the mandated lead arranger and bookrunner. The loan comes with three guarantors, as well as security based on Glencore China’s accounts receivable.

Shanghai Electric Group (SEG) brought out its debut international deal on Thursday, with the local government owned equipment manufacturer offering a Reg S five year bond.

Colombian infrastructure lender Findeter (Financiera de Desarrollo Territorial) triggered hopes that local currency denominated debt may be back on the menu in Latin America after a hiatus of more than a year after it raised $500m-equivalent in Colombian pesos on Wednesday.

Pelabuhan Indonesia II’s $1bn five year loan,, which has been in gestation since May, will now also include a greenshoe option of $275m.

Ecobank Nigeria has released initial price thoughts at high 9% area for a benchmark seven year non-call five bond. Some bankers away from the subordinated note had questioned whether the deal would be well received after Seven Energy’s note was postponed last week because of market volatility but the books are already covered, according to a syndicate official on the deal.

Our biggest survey of Asia's foreign exchange services to date led to some familiar names winning the top ranked positions, while some other institutions made impressive leaps up the rankings into top three positions.

Colombian infrastructure lender Findeter (Financiera de Desarrollo Territorial) confirmed that it plans to sell its debut international bond in global peso format this week, surprising bankers and sparking hopes of a revival in global local currency issuance.

Latin American development bank Corporación Andina de Fomento (CAF) opted to return to the dollar market with a $1bn three year on Tuesday, opting for a fixed rate note rather than an FRN because it wanted to issue a large benchmark.

Chinese commodity trader Qingdao Develop Way Industrial Co has opened up a $120m three year loan with Deutsche Bank as the mandated lead arranger and bookrunner. The loan comes with three guarantors as well as security-based on Glencore China’s accounts receivables.