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  • Haitong International Securities has boosted an offshore borrowing to HK$16bn ($2bn) after receiving strong demand during the syndication.
  • In this round-up, China’s benchmark CSI300 index saw its biggest daily rise in three years after trade negotiations and deleveraging boosted investor sentiment, service imports and exports rose in 2018 and a Bloomberg survey indicated Hong Kong and Singapore investors are optimistic on Chinese onshore bonds.
  • Dollar bond supply from China continues unabated. China Vanke Co and Agile Group Holdings joined their real estate peers in a recent spree, raising $1.1bn between them, while science park operator TUS-Holdings priced a $350m dollar bond.
  • Indian telecommunications giant Bharti Airtel is on track to launch a Rp250bn ($3.52bn) rights issue after getting the go ahead from its board of directors.
  • SRI
    A group of nine NGOs, trade unions and other civil society groups have got together to produce an independent white paper setting out in detail how they believe the European Union’s Sustainable Finance Action Plan should progress. It calls on the EU to push ahead with the Plan, only some of whose targets have been acted on so far, and to take it further and deeper.
  • A robust balance sheet did not protect Vale from returning to junk status with Moody’s this week as the Brazilian mining company’s bonds suffered the agency’s decision to punish the borrower.