Greater China

China Cinda Asset Management Co is set to be the first of the country’s four state-owned bad debt managers to hit the bank capital market for a dollar additional tier one trade.

China Petrochemical Corp, also known as Sinopec, is back in the debt market less than five months after its last transaction, and is seeking out a triple-tranche dollar trade.

Postal Savings Bank of China has raised HK$57.6bn ($7.4bn) from its Hong Kong IPO after pricing the shares off the bottom of the range, with allocations dragging late into Wednesday evening.

Dongxing Voyage, a wholly-owned unit of Dongxing Securities (Hong Kong), bagged $300m on Tuesday on the back of strong demand as a combination of anchor orders and indications of interest propelled the deal.

Country Garden Holdings Co sneaked into the bond market on Tuesday with a $650m deal, finding an opportunistic window ahead of the US Federal Reserve and Bank of Japan’s decisions on monetary policies.

Sun Century Group is looking to scoop up HK$960.7m ($123.8m) from a three-for-one rights offering to repay outstanding loans.

The US is one step closer to becoming a renminbi hub with Bank of China New York officially appointed as the country’s first RMB clearing bank, a major development towards the internationalisation of the currency.

Hong Kong’s Securities and Futures Commission has begun consultations with market participants over plans to grow its futures and options market by relaxing trading position limits for listed derivatives.

Hong Kong and China-based fintech lender WeLab could be a sign of things to come in the Asian syndicated loans market as the start-up seeks out its debut borrowing. Some banks will no doubt cast off the industry as a fad and give it a miss. But now is as good a time as any to take a fresh look at fintech.

Banco CorpBanca Colombia is holding a roadshow in Taiwan alongside the US for a $200m two year syndicated loan.

In a week where much of the attention has been on Postal Savings Bank of China’s mammoth IPO, Chinese firm Rici Healthcare Holdings is getting ready to jump into the equities market for a potential $200m listing, according to sources.

Delhi International Airport Private (Dial) is planning a comeback to the international debt market almost two years after its maiden offering, and is deciding between a dollar deal and a Masala bond.