Greater China

The banker lifestyle back in my day, and even now, is one of late nights and early mornings. I’m sceptical of any banker who I meet at the pub on a Friday night who isn’t bleary eyed from lack of sleep during the week. But long hours in the office don’t always mean a productive time at work.

Chinese logistics firm Best, which counts Alibaba Group Holdings among its shareholders, raised $450m from its US IPO this week, chopping the deal by half to get it over the finish line.

Investors familiar with Sunshine 100 China Holdings’ credentials shrugged off a recent ratings downgrade to gobble up its new $235m bond, which will allow the company redeem a note coming due imminently.

Postal Savings Bank of China Co launched its highly anticipated additional tier one dollar bond on Thursday, seeking a whopping $7bn from what could be the world’s largest AT1.

An International Swaps and Derivatives Association (ISDA) determinations committee this week 'cleverly' dismissed the controversial question of whether Noble Group defaulted on its debt in June, but the move has prompted questions about reform of the decision-making process.

Chinese investors warmly welcomed Mercedes-Benz Auto Finance’s second outing this year in China’s securitization market, helping the originator raise Rmb4.98bn ($760m) from the senior tranche of its deal.

Kingboard Chemical Holdings is tapping banks for a HK$5bn ($641m) four year borrowing, after a two year hiatus from the loan syndication market.

Chinese logistics firm Best raised $450m from its US IPO this week, slicing the deal size by as much as half.

Hong Kong’s Sun Hung Kai Financial had a rousing welcome to its debut in the offshore loan market, raising HK$4.5bn ($576m) versus the HK$1bn it had initially sought.

Beijing Infrastructure Investment Co priced its first dollar bond in three years, raising $700m from a six times covered deal on Tuesday. The notes tightened around 10bp in secondary, putting the spotlight on what some considered generous pricing.

Property developer Sunshine 100 China Holdings, rated CCC+ by S&P and B- by Fitch, is taking bids for a new dollar bond, in a bid to address its looming debt maturity.

Trade between Russia and China has slowed over the last few years, hurt by a depreciating renminbi and domestic economic challenges in both countries. But the trend has now largely reversed — and dealmaking between the two countries is booming.