Greater China
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Deutsche Bank placed its first Hong Kong renminbi debt issue on Thursday, finding demand for a certificate of deposit from China Development Bank worth Rmb500m ($73.4m) and pushing its way into a market that bankers and analysts expect to grow strongly over the next few years.
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Singaporean shipping company Neptune Orient Lines returned to its domestic bond market after a nine year lay-off last Friday, raising S$260m ($192.1m) at the end of a busy week for debt bankers in the country.
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State-owned Malaysia Airports got a big response to its debut domestic bond at the end of last week, attracting M$10bn ($3.18bn) of orders only days before Abu Dhabi Commercial Bank came to the market with its own deal.
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Westpac Banking Corp was sounding out investors ahead of a ¥50bn ($591m) Samurai bond this week, firming up guidance for a deal that bankers say could lead to a spate of foreign bank issuance in the Japanese market.
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McDonald’s Corp raised Rmb200m ($29.45m) in Hong Kong’s renminbi bond market this week, kicking off an expected fresh supply of issuance and becoming the first foreign company to access the market.
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PCCW raised $500m in the international bond market on Thursday, getting strong demand for a deal that defied bankers’ expectations of a quiet week for Asian bond investors.
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China’s central bank will open the country’s biggest bond market to banks, insurance companies and brokerages in Hong Kong and Macau as well as to central banks around the world, it said this week.
