Greater China

Hongkong Electric has made a successful comeback to the bond market after an absence of more than five years. Thanks to its status as a premium and a rare credit, the company reeled in investors and priced the trade well inside fair value.

Coal miner China Unienergy Group is looking to join the stream of Chinese companies floating in Hong Kong, filing a draft prospectus for an IPO that could launch this quarter, according to a source with knowledge of the deal.

BNP Paribas and S&P Dow Jones Indices (SPDJI) launched a new index focusing on what it calls the “new China” economic sectors. A-shares, which could be included later this year in the MSCI emerging markets indices, make up a quarter of the new benchmark.

BAIC Motor Corp did not have the smoothest of rides for its green bond debut this week and was forced to extend bookbuilding to push the deal through.

In this round-up, South Korea RMB deposits picked up, while Macau and Taiwan saw a slight contraction, BRICS NDB approved its first loans, Chinese and Russian regulators are expanding their co-operation agreements, and Euronext started providing market data directly to onshore investors in China. Plus, a recap of GlobalRMB's top stories this week.

Huawei Investment & Holding Co is joining the current Chinese tech frenzy in the debt market, mandating banks for a Reg S dollar bond.

Agencies could be ready to enter the dim sum MTN market which, in contrast with the silent public market, is in good health.

The recent spate of pulled bonds in China has served as a wake-up call about the fickle nature of the country’s domestic debt market. But the success of the first offshore high yield dollar transaction in more than a month has led to hopes Chinese names could make their way back to international debt, writes Rev Hui.

Natixis has named Alain Gallois as CEO of corporate and investment banking for Asia Pacific, a position he will take up in July.

BOC Aviation has made a successful landing with a new 10 year bond in 144A format, shrugging off concerns over its ownership change after a planned IPO this year.

The New Development Bank Brics (NDB) has appointed four Chinese banks and two internationals banks to work on a renminbi-denominated green bond to be sold to Chinese onshore buyers.

Moving to a new bank is never easy. Just think about it — all those trips to HR, getting to know your co-workers, searching for good food joints and, of course, doing your first deal.