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Omani oil company has pushed out maturity by a year
The Romanian economy is struggling to get out of recession
National Grid, NatWest and Roche lead a broad mix of issuers this week
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The National Association of Financial Market Institutional Investors (Nafmii) has made fresh efforts to reform the bond issuance process in China. It is giving some issuers more flexibility around their fundraising plans and the way they can execute deals.
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In this round-up, China’s economy shrinks for the first time since records started, exports and imports fall in March but rebound from recent lows, and the State Council will further develop the country’s capital markets.
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In this round-up, China’s ambassador to the US said the two countries have been working towards implementing the trade agreement reached in January, and the UK’s foreign secretary said hard questions need to be asked about the Covid-19 pandemic.
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China National Travel Service Group Corp (CNT) raised $900m from a dual-tranche bond on Thursday, making it the first Chinese state-owned enterprise to come to the market in more than a month.
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Chinese local government financing vehicle (LGFV) Qinghai Provincial Investment Group Co has missed a coupon payment on a dollar bond yet again as its financial troubles continue.
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Chinese chemical company EcoGreen International Group has returned to the offshore loan market after a three year break for $150m.
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