Greater China

The renminbi rejoined the top five of most used payment currencies in the July rankings from Swift, with South Africa seeing considerable growth in renminbi payments in the past year, the organisation said on August 24.

China Orient Asset Management Corp sealed a $650m bond off the back of a $4.2bn order book on Tuesday, taking advantage of a strong market to price its deal well under its peers.

The Hong Kong equity capital market is coming back to life with Jacobson Pharma Corp beginning pre-deal investor education on Wednesday for its up to $150m IPO.

Mizuho has added a new member to its debt syndication team for pan-Asia, with Jennifer Wang starting her new role on Monday.

A S$350m ($259m) loan signed between Lippo Malls Indonesia Retail Trust and a group of lenders is set to go into general syndication.

China’s Xinyuan Real Estate opened books for a new three year dollar bond on Wednesday, and is looking to use the proceeds to repay debt, including its outstanding 2018s.

Wanda Commercial Properties Hong Kong is back in the syndication market for a fresh loan of $500m, just two months after its last fundraising.

Leshi Internet and Information Technology Hong Kong has rolled out a $150m three year facility to general syndication.

The World Bank’s debut IMF special drawing rights (SDR) bond — dubbed a Mulan bond — is an acknowledgement of China’s success in reforming the renminbi, George Richardson, the organisation’s director and global head of capital markets, told GlobalRMB.

Datang Environment Industry Group Co has refiled its IPO application with the Hong Kong bourse almost a year after its first attempt at a listing, but this time without Morgan Stanley as a joint sponsor.

China Orient Asset Management Corp is set for a new five year dollar bond, opening books for the deal on Tuesday morning.

General syndication for a $12.7bn loan to back China National Chemical Corp’s acquisition of Swiss biotech firm Syngenta is set to wrap up.