Greater China
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Financial services company Far East Horizon has raised $200m from a convertible bond, its second CB in as many months. -
A leading shareholder in WuXi Biologics (Cayman) has pocketed HK$10.3bn ($1.3bn) after offloading a chunk of the company’s shares.
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CMB International has hired Branson Song, a veteran equity capital markets banker, as head of its ECM business.
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If there is one year where Asia’s bond market needs to slow down for the summer, and then emerge stronger and better, it’s 2021.
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Car Inc is seeking a new loan after an absence of five years from the market, but it will have to navigate the fallout from Luckin Coffee’s past governance concerns and the latest crackdown by China on technology companies to get its deal across the finish line. Pan Yue reports.
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Chongqing Pharmaceutical (Group) Co is making its debut in the loan market for $150m. It is set to directly compete against a larger Chinese state-owned peer that is also testing lenders’ appetite for a new fundraising.
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The bonds and shares of China Evergrande Group and its subsidiaries continued to slide on Tuesday, after revelations of a dispute with a domestic lender triggered a widespread sell-off at the start of the week.
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Anton Oilfield Services Group sold a $150m bond this week in an effort to tackle its debt maturity profile.
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Three Chinese real estate developers sold green and sustainable bonds on Monday, adding further momentum to the booming asset class.
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ICBC International Holdings priced a three year bond on Monday with the support of a 22-member syndicate team.
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China Lesso Group, a building materials manufacturer, has mandated five banks for a new money loan, returning to the market after two years.
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In this round-up, the Chinese central bank releases the first white paper for its digital currency, regulators led by the Cyberspace Administration of China conduct an on-site inspection at Didi Chuxing Technology, and the takeover period of nine financial firms linked to beleaguered conglomerate Tomorrow Holding has been extended.
