Greater China

Chinese state-owned Shandong Energy Group Co sealed a popular $300m three year debut on Wednesday off the back of a $3.2bn book, thanks to its strong government support and the attractive yield on offer.

China's State Council grants PBoC more power — Citic CLSA loses ECM syndicate head — UBS beefs up Asia DCM — StanChart hires two for loans — BAML debt banker makes exit — SGX brings back lunchtime break

Chinese state-owned Sinochem International Corp raised $300m from a five year bond on Tuesday, ending with a robust book of $2.6bn after wooing investors to its investment grade credentials.

The week started as they all do, with promises to exercise, to live healthily, to consume at least one vegetable that isn’t deep-fried. But although I awoke Monday with the will of Apollo, I soon found myself overwhelmed by Bacchus.

After a dire first half of the year, the Panda bonds market had a busy week with five issuers either pricing their deals or revealing their intention to come to the market. While red chip real estate names still make up most of the pipeline, sovereign and local government issuers are starting to get a piece of the action, with Hungary and the Province of British Columbia (BC) leading the way.

Panda bonds are finally coming back to life after a dire first half. But although all the conditions are in place for an issuance boom, there is reason to doubt quite how high volumes will go.

China Life Insurance (Overseas) Company is marketing a 10 non call five subordinated bond on Thursday, capping the deal size at $250m.

Waste-to-energy firm China Jinjiang Environment Holding Company (CJE) kicked off its debut dollar offering on Thursday morning.

Oceanwide Holdings Co returned to the offshore market on Thursday with a new three year dollar offering, just a week after selling a $200m 363-day bond.

China Development Bank Financial Leasing Co (CDBL) has named banks to run its proposed dollar transaction, with investor meetings beginning this week.

Chinese state-owned Sinochem International Corp and China Railway Group raised a combined $800m on Tuesday, with demand for high quality investment grade names reflected in the book sizes of the bonds.

Castle Peak Power Company added to Asia's growing green bond supply this week, raising $500m from its debut in the international debt market.