Greater China

AVIC International Leasing Co, the leasing arm of China’s state-owned aircraft manufacturer Aviation Industry Corporation of China, will kick off a Reg S roadshow from Tuesday. CNQC International Holdings, meanwhile, is meeting accounts in Singapore for a bond in the local currency.

Sogou, the internet search arm of US-listed Sohu.com, has kicked off bookbuilding for a $585m IPO on the New York Stock Exchange.

Two A-share smart beta exchange traded funds (ETFs) list in Hong Kong, the central bank of Cambodia wants the country’s businesses to use renminbi to trade, and Industrial and Commercial Bank of China (ICBC) agrees to co-operate with New Development Bank (NDB) on financing the Belt and Road Initiative (BRI).

HSBC has become the first international bank to acquire a joint lead underwriter licence for Panda bonds sold by non-financial issuers in China’s interbank bond market (CIBM), according to a Friday announcement by the National Association of Financial Market Institutional Investors (Nafmii).

China Lodging Group is set to bag about $425m through an offering of equity-linked notes, convertible into its Nasdaq-listed American Depository Shares.

The four mandated lead arrangers and bookrunners (MLABs) of a $250m Taiwan-targetted loan for Yes Bank brought in 13 banks during general syndication, said sources close to the trade.

China Minmetals Corporation is sounding out investors for its inaugural perpetual offshore bond. It will meet with fixed income accounts early next week.

Allotments are out for a HK$7.137bn ($914.7m) loan that to support private equity firm I Squared Capital’s acquisition of Hutchison Global Communications (HGC).

Crystal International Group raised HK$3.8bn ($489.5m) with its Hong Kong IPO after pricing the shares near the wide end of terms on Thursday.

The Asian bond market opened with elation on Friday, following China’s blockbuster dollar transaction on Thursday that reset the curves not only of Chinese issuers, but for the rest of Asia as well.

Hainan Airlines Holding Co on Thursday ventured out with a 364-day bond, running its deal in parallel with China’s sovereign bond. The issuer paid a premium over its curve, but the deal ended up nearly twice covered.

Latin American development bank Corporación Andina de Fomento (CAF) is gearing up for its debut Panda bond before the end of 2017, which would make it the first in the format from South America. But the deal will only go ahead if the People’s Bank of China fulfills its promise of making the issuance process easier for foreign borrowers, the issuer told GlobalRMB.