Greater China

Bank of Communications is poised to become one of the first major Chinese lenders to issue domestic green bonds, announcing an ambitious Rmb70bn ($10.8bn) issuance plan on Tuesday.

The Sri Lankan government is readying itself for an international bond, having sent out a request for proposals on Tuesday.

The Society for Worldwide Interbank Financial Telecommunication (Swift) signed a memorandum of understanding with Chinese payment infrastructure firm CIPS Corp on March 25. The organisations will co-operate to improve the China cross-border interbank payment system (CIPS) ahead of the launch of its next development stage in 2017.

Taiwanese conglomerate Formosa Plastics Group has increased the size of its latest borrowing to $3.5bn from $2.5bn.

The National Association of Financial Market Institutional Investors (Nafmii) has wrapped up a consultation on the securitization of non-performing loans (NPLs), paving the way for the asset class to materialise.

Ngai Shun Holdings is planning a HK$903.87m ($116.57m) rights offer with the support of just one underwriter, as it faces a tough time raising funds from investors and banks.

Shanghai Pudong Development Bank (SPDB) returned to China's domestic green bond market last week, less than two months since its last transaction.

Huishang Bank Corp has received approval from its board to issue an offshore bond to replenish its additional tier one capital, in a deal that will be the issuer’s debut in the international debt market.

Nameson Holdings is braving the pre-Easter lull with a HK$665m ($86m) Hong Kong IPO, which launched on Thursday with the parent of Japanese clothing chain Uniqlo among its cornerstone investors.

Yunnan Provincial Investment Holdings Group (YIG) attracted strong demand for its maiden dollar bond on Wednesday as its link to China’s provincial government worked in its favour.

Chinese regional lender Bank of Jinzhou is planning to launch an H-share private placement in Hong Kong, according to a filing with the city’s stock exchange on Thursday.

Hong Kong Airlines made a quick return to the international bond market on Wednesday with a $120m tap of its maiden dollar issue from January.