Greater China

Yingda International Leasing, which launched a $200m syndicated loan in January, has modified the deal's terms after a change in ownership.

The World Bank broke a 30 year silence in special drawing rights (SDR) bonds with the sale of a SDR500m ($700m) three year note in China on Wednesday. While the Mulan bond is widely seen as a symbolic gesture to promote the internationalisation of the renminbi, market participants said it is more than that, in spite of the relatively narrow investor base. Paolo Danese and Rev Hui report.

First-timer Far East Consortium International found markets plane sailing on Wednesday, managing to raise $300m thanks to no other high yield names distracting investors.

Hong Kong-listed NagaCorp raised a larger than expected HK$950m ($123m) after boosting the number of shares sold in its overnight equity offering, even though it priced at the bottom of guidance.

My beloved wife Tai Tai often complains, quite unreasonably I think, about how under appreciated she feels. But a recent gaffe by an acquaintance of mine had her, for once, thanking her lucky stars that she married me back in the day when bankers actually paid some attention to their better halves.

Postal Savings Bank of China met with the sponsors of its upcoming $8bn Hong Kong IPO in Beijing on Thursday as the issuer approaches hitting the market, according to a source involved in the transaction.

A senior banker in the Asia Pacific financing division of Credit Suisse has stepped into a newly created position at the bank.

The World Bank broke a 30 year silence in special drawing rights (SDR) bonds with the sale of the SDR500m ($700m) three year note in China on Wednesday. While the Mulan bond is widely seen as a symbolic gesture to promote the internationalisation of the renminbi, market participants said it is more than just that in spite of the relatively narrow investor base.

NagaCorp, which operates the only licensed casino in Cambodia's capital, has launched a top-up placement that could raise up to HK$832m ($107m), ending a three year absence from the equity market.

Just a day after DBS sealed a $750m deal from a Basel III compliant additional tier one note, the bank capital market has seen some fresh action with United Overseas Bank eyeing a tier two offering.

China has pushed hard for a greater role for the IMF special drawing rights (SDR) since the global financial crisis. But while the SDR may help the renminbi internationalisation strategy it will not help overthrow the dollar as the de facto world currency, according to Benjamin Cohen, professor of international political economy at the University of California Santa Barbara (UCSB).

Two Chinese high yield names made their mark on Tuesday, with Road King Infrastructure bagging $500m and Haikou Meilan International Airport netting $200m from its first G3 bond offering.