Greater China

BOC Aviation leveraged on its ties to its Chinese state-owned parent and its own standalone credentials to raise $750m on Tuesday. It proved that it has access to bond market liquidity at a time when companies focused on aircraft leasing have been hit by the Covid-19 pandemic.

Bond issuance from Chinese local governments is set to reach an all-time high this week, as issuers rush to use their existing quotas after authorities in Beijing unveiled the year’s funding allowance.

Toyota Motor Finance (China) sealed a Rmb4.5bn ($629m) dual-tranche auto securitization deal on Wednesday. Its return to the onshore market was the latest in a series of tightly priced auto ABS outings.

Chinese travel agency Trip.com Group has closed the senior syndication phase of a $1bn multi-tranche loan.

Chinese companies are likely to consider London as an alternative foreign listing venue, according to sources speaking to GlobalCapital, following a regulatory crackdown in New York and increased political tensions between the US and China.

Africa Finance Corporation (AFC), the Nigeria-based multilateral development bank (MDBs), has emerged at the forefront of regional coronavirus rescue efforts, providing financing for emergency hospitals, medical aid and more. As Africa finds itself at the centre of global calls for emergency financing and debt relief, the AFC’s chief executive, Samaila Zubairu, talks to GlobalCapital about the bank’s response to the crisis, how its own fundraising plans have been affected, and the future of Chinese capital in the region.

Chinese pork producer Muyuan Foods has set the ball rolling on its debut $200m offshore loan.

China’s move to enact a controversial security law in Hong Kong is clearly bad news for the special administrative region. But it will also hurt mainland China.

Chinese online payments platform Yeahka rode on strong demand from both institutional and retail investors for its Hong Kong IPO, to price the HK$1.64bn ($211.9m) deal at the top of guidance.

DCM bankers are expecting a reasonably busy week for deal flow in Asia, as markets slowly stabilise and bond investors try to look past recent volatility.

Burning Rock Biotech is planning to float on Nasdaq for as much as $100m.

In this round-up, China’s top government officials, including president Xi Jinping, discuss key economic targets and a fiscal stimulus package, and foreign minister Wang Yi warns the US against a ‘new cold war’.