Greater China

Silk Road bonds (SRBs) could boost the popularity of the renminbi as well as address emerging markets infrastructure shortages, according to panelists at a forum by credit agency Dagong and the International Capital Markets Association (ICMA). But giving the instruments the proper policy support will be key to their success.

China's Redco Properties Group has signed a $130m three year loan with a group of lenders, it said in a Hong Kong stock exchange filing.

Silk Road bonds are one of the latest gimmicks bankers are trying to promote with an event dedicated to the topic taking place in Hong Kong last week. While the concept of the bonds, linked directly to China’s ambitious Belt and Road initiative, is promising, proper guidelines need to be in place for the product to take off.

State-owned oil giant China National Offshore Oil Corp is talking to banks for a $1bn refinancing linked to its Australian investments.

China New University Group Co and Luzhou Xinglu Water Co are looking to float in Hong Kong, and have filed for IPO approvals with the city’s exchange.

Powerlong Real Estate Holdings made a bold move coming to the market on the last day of a frantic week in Asia's debt capital markets. But it found its deal 2.7x covered and got away with tight pricing.

In one of the busiest days recently for Asian debt capital markets, investors gobbled up $2.2bn worth of issuance on Thursday — all from Chinese names.

A unit of the Yuexiu Group is in the market for a HK$2.3bn ($296.7m) loan, which has launched into general syndication under DBS as sole mandated lead arranger and bookrunner, said sources.

China National Chemical Corp’s $12.7bn acquisition loan for Syngenta drew commitments from some 17 lenders, with the deal closing well oversubscribed, said bankers close to the matter.

ICBC (Singapore) and Haikou Meilan International Airport sold well-digested dim sum bonds on Thursday, managing to find decent demand despite a challenging funding environment.

Yestar International Holdings Company was the only corporate in the Asian debt market on Thursday, enticing investors for its maiden dollar offering. The issuer bagged $200m from its five non call three, opting to raise a conservative amount with its debut.

In this round-up, Stock Connect southbound flows pick up considerably, the Australian Securities Exchange (ASX) introduces an expanded RMB clearing and depository facility, and RMB clearing in Hong Kong increases in August. Plus, a recap of our coverage this week.