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Business has sagged in the third quarter, but the pipeline is busy, despite an intractable war
Private bonds are now being offered in the open market wider than where public deals trade
Even as USTs stay near 5%, supply expected to pick up
Data
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Chinese online educator Koolearn Technology Holdings has wrapped up its Hong Kong IPO to the tune of HK$1.68bn ($213.9m), after pricing at the mid-point of the marketing range, according to a source close to the deal.
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Local government financing vehicle (LGFV) Chengdu Economic and Technological Development Zone State-Owned Assets Investment doubled the size of a 2022 bond on Thursday, while another Chinese issuer Zhongtai Financial International walked away with $200m from a sub-one year note.
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In this round-up, Chinese president Xi Jinping starts a five-day visit to Europe, the eighth and ninth rounds of trade talks are scheduled and local government bonds will soon be available at bank counters.
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In this round-up, Shanghai tech board has started accepting IPO applications, new issuance of local government bonds hits record, fiscal revenue growth slowed thanks to tax cuts
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Chinese menswear company Mulsanne Group Holding is planning to list in Hong Kong, having filed a draft prospectus with the city’s stock exchange.
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Bank Rakyat Indonesia has closed its $700m offshore syndicated loan, with 15 participants joining during syndication.
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