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Meanwhile, LatAm sovereign announces mandate for a multi-tranche deal that could come next week
Sovereign closed 'remarkable' deal despite US Treasury pricing drama
Big, volatile week in EM raises questions around fair values
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Bank of China's Macau branch has raised a modest amount from a swift floating rate transaction to give investors comfort about the bond’s secondary performance.
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Chinese local government financing vehicle (LGFV) Wuhan Real Estate Development & Investment Group found enough support to print a $430m bond on Thursday, only the second issuance from the sector in months.
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China’s State Administration of Foreign Exchange (Safe) picked a former assistant chairman from the China Securities Regulatory Commission (CSRC) as its new deputy head, among other senior hires. The central bank, meanwhile, also added two new deputy governors to its line-up.
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The Ministry of Commerce (MofCom) relaxes restrictions on foreign investors buying A-shares, the People's Bank of China requires more details on the business operations of foreign service provider in the Mainland, and Chinese premier Li Keqiang confirms London Connect will launch this year.
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Four former Credit Suisse loans bankers who left the bank earlier this year have resurfaced in the market, according to sources.
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Minsheng Financial Leasing, a subsidiary of China Minsheng Bank, has returned to the loan market for a $300m three year borrowing.
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