Greater China
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The African Development Bank is preparing to launch a Panda bond programme, following the inclusion of the renminbi in the valuation basket of the issuer’s reporting currency. -
Shareholders of Hangzhou Lianluo Interactive Information Technology have approved its plan to list Newegg, a consumer electronics retailing website, in the US.
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China Everbright International raised HK$10bn ($1.3bn) from a rights offering last week, with the cash call oversubscribed by shareholders.
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US president Donald Trump takes to Twitter to clarify trade deal with China is not imminent, likely delaying planned trade talks, Hong Kong Exchanges and Clearing defers Stock Connect investor ID due to super typhoon, and index provider FTSE Russell will announce its A-shares decision on September 26.
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Strong demand from bank lenders has allowed Health and Happiness International Holdings to bump up the size of its dual-currency loan to $450m-equivalent.
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China Construction Bank raised S$300m ($219m) through its Singapore branch on Thursday, opting for a two year tenor to offset rising funding costs since its debut in the currency last year.
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A keepwell structure that offered a premium of around 50bp to investors allowed JIC Leasing, a subsidiary of China Jianyin Investment (JIC), to raise its full $500m regulatory quota on Thursday.
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China Everbright Bank Co continued its push to reach more European debt investors this week with its debut green dollar bond, raising $300m.
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Chinese property company Sichuan Languang Development Co has added $250m to its coffers from a two year bond that offered one of the juiciest yields for an Asian deal this year.
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Fortune Oil PRC Holdings has boosted its borrowing to $430m after attracting 10 participants during syndication.
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Cifi Holdings (Group) Co raised Rmb1bn ($145.7m) on Thursday from its maiden offshore renminbi bond.
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In this markets round-up, international crude oil futures gain traction with global investors, index provider FTSE Russell will announce its decision on A-shares soon, and the Singapore Exchange (SGX) saw surging volumes of CNH futures contracts in August.
