Greater China

I remember the days when deal pitch books were hard work but simple. We spent our time slaving away on the preparation, focusing purely on the substance of our message. But technology has ruined bankers now, making them far too reliant on the appearance of their perfectly crafted presentation slides.

State Grid Corporation of China on Wednesday snapped up $5bn from a four-trancher — the largest G3 bond so far this year. In addition to size, the issuer also achieved tight pricing, said market participants.

China Huarong Asset Management Co sold a $3.4bn-equivalent six-tranche bond in US dollars and Singapore dollars on April 20. The transaction featured many firsts for the issuer, and was part of its efforts to normalise its debt curve.

BPRL seeks SBLC-backed $400m — Singamas nets $270m with latest facility — Tower Bersama allocates among nine

China Rapid Finance decided to cut price guidance for its US IPO in order to secure a high quality anchor investor, raising $70m instead of the original target of up to $115m, according to a banker on the deal.

Car has entered the Panda bond market with a rare public deal on the Shanghai Stock Exchange (SSE). Wilson Li, CFO at Car, told GlobalRMB that the move will help the red-chip company build credentials in the onshore bond market.

China Southern Power Grid Co, China Minsheng Banking Corp and Hong Kong-listed SOCAM Development started taking bids for their respective dollars bonds on Thursday at the Asia open.

Its ten years since China Development Bank sold the first dim sum bond and since then there have been many landmarks on the path to renminbi globalisation. Check out GlobalRMB’s new infographic for some highlights of the past decade.

China’s State Development & Investment Corp (SDIC) sealed a dual tranche offering on Tuesday, with the issuer’s state ownership, diversified investment portfolio and the moderate deal size ensuring a smooth debut.

Peer-to-peer lender China Rapid Finance is eyeing the bottom half of guidance for its US IPO, giving it a possible size of up to $105m, according to a banker working on the deal.

Hong Kong-listed Singamas Container Holdings has signed its latest syndicated loan at $270m, higher than the $250m it set out for when the deal was launched in late February.

Landing International Development has wrapped up a HK$5bn ($643m) rights issue, but a low turnout from shareholders meant one of the underwriters had to step in.