Greater China

Unrated HNA Group made a quick return with a $200m bond this week, just one month after its last offering. On the same day, Kawasan Industri Jababeka from Indonesia also priced an exchange offer for its existing 2019s.

Major corporates have been quick to spot the potential of the Formosa market, with names including Apple, Électricité de France and Anheuser-Busch InBev selling multi-billion dollar transactions. Ample liquidity and a savvy investor base means corporate issuance of Formosa bonds is only set to grow. Elliot Wilson reports.

Foreign banks would be remiss to ignore Taiwan’s Formosa market when it comes to bank capital fundraising after the country introduced regulations that allow lenders to sell dollar-denominated tier twos domestically. Yet even though a number of banks have been quick to take advantage, Taiwan will need to consider further relaxations if it wants to attract more names. Tanya Angerer reports.

A range of credits from India, Malaysia and Greater China stormed the Asian debt market on Thursday, vying for investor attention.

In just a few days, the renminbi will be officially included in the International Monetary Fund’s Special Drawing Rights basket — a move widely seen as a validation of the currency’s internationalisation. But the actual impact of the development on fund flows is expected to be limited, market participants told GlobalRMB.

Taiwan life insurers are addicted to long dated callable private placements. But what was once a beneficial habit, is no longer offering juicy returns. As yields continue to slide, the Taiwanese MTN market is having to adapt to the changing environment, writes Jonathan Breen.

Renminbi bonds in Taiwan had a spectacular run for most of last year. But a new age of renminbi volatility combined with weaker regulatory momentum has put the market on hold in 2016. Nevertheless market participants agree that the renminbi promise remains an enticing one. Paolo Danese reports.

Hong Kong-headquartered conglomerate CK Hutchison Holdings is readying a global sweep of debt markets to raise refinancing funds, announcing on Wednesday morning that it intends to sell a euro-denominated eight year senior unsecured bond just hours after announcing a dollar trade in Hong Kong.

A loans distribution banker has joined the syndicated finance team of DBS in Hong Kong.

International investment banks are taking a knife to their Asian operations amid slower capital markets activity, even as competition from Chinese lenders intensifies.

Fantasia Holdings Group returned to the bond market on Tuesday, taking advantage of the low yield environment to lock in cheaper funds while improving its debt maturity profile.

Commitments have rushed in for separate borrowings by two Hong Kong real estate investment trusts, despite their syndication deadlines being still some time away.