Greater China
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The goal of making the RMB a global commodities currency is not a job for those looking for quick successes. But recent moves from Russia and the Middle East have laid further bricks on the road to glory for China. -
Citic CLSA Securities has appointed a new head of fixed income syndicate in Hong Kong, who will work closely with the brokerage's debt capital markets team.
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Casino giant Wynn Resorts’ unit Wynn Macau is readying a new dollar bond with an eye to fully redeeming one of its outstanding notes, also announcing a tender offer for the 2021s.
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Hong Kong’s Sun Hung Kai & Co returned to the market on Monday morning, looking to add to its $400m 2022s sold at the end of August.
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BOC Aviation took off with its first dollar-denominated dual-tranche offering on Monday, marking a rapid return to the international debt market this year.
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China Huarong International Holdings has allocated an $800m loan among 11 lenders, wrapping up a facility that was only opening into syndication in late July.
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The People’s Bank of China scraps the requirement for financial institutions to set aside cash as reserves when buying foreign currency forwards, KraneShares launches new ETF to track companies in the Belt and Road Initiative (BRI) projects, and Bridgewater is said to be starting a new investment fund in China.
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China’s RYB Education is slated to open books on Thursday for its $100m IPO on the New York Stock Exchange, said bankers leading the trade.
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China Modern Dairy, which prepaid an old syndicated loan early last year, is back for a $300m three year offshore borrowing.
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Chinese state-owned Weichai Power Co priced a $775m senior perpetual bond on Thursday, enjoying a quiet day of issuance to bag a deal inside analysts’ fair value estimates.
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Short dated bonds appear to be making a comeback, with Jutal Offshore Oil Services receiving approval from its board for a 364 day dollar-denominated note.
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Bank of China Hong Kong (BOCHK) is coming back to the Panda bond market after a two year absence, with the ambition of raising a whopping Rmb9bn ($1.38bn) from a one year note.
