Greater China

VTB Capital is making headway in seeking to grow its capital markets and investment banking business in Asia, after growth plans in the US and Europe were stymied by sanctions.

Nissin Foods Co, part of instant noodle giant Nissin Japan, has begun meeting investors to foster interest in its potential $200m Hong Kong IPO, according to a source close to the deal.

Fixed-line telecom operator WTT HK priced a $670m bond on Tuesday, with the rare Hong Kong high yield name attracting robust investor interest. Despite a choppy market, the issuer tightened pricing by 37.5bp, and the notes held up well in secondary.

Far East Horizon has boosted its latest loan to $800m from $500m, with retail lenders allotted their full commitments.

Wing Lung Bank, one of Hong Kong’s oldest local banks, is marketing a Basel III tier two dollar bond, just days after failing to redeem its legacy bank capital notes on their first call date.

Two green issuers from China are wooing buy-side accounts for new bonds, with Concord New Energy Group and Bank of China collecting investor orders from Wednesday morning.

Chinese issuers Xinyuan Real Estate Co and Hong Yang Group Company are attracting bids for new dollar transactions, while Oceanwide Holdings Co is set to hold a two-day roadshow in Hong Kong.

Hong Kong Exchanges and Clearing’s (HKEX) iron ore futures, which came to the exchange on Monday, enjoyed investor interest to the tune of 1,022 contracts during the day’s trading,

LexinFintech Holdings is the latest Chinese online consumer lender to file for an IPO in the US, picking Nasdaq for a $500m listing.

Chinese telecom firm Huawei Technologies has launched a $1.2bn five year loan into general syndication.

Guangzhou R&F secured a $500m 2023 bond on Monday, leveraging on a heavy anchor order book to seal the deal.

China South City Holdings and Wuhan Dangdai Science & Technology Industries (Group) Co grabbed a total of $600m from bonds on Monday, navigating a weak market backdrop to close their deals.