Greater China

Yuexui Real Estate Investment Trust (Reit) has sealed a $217m loan to back its acquisition of Hongjia Tower in Shanghai, with eight lenders coming on board.

Chinese developer Soho China has announced plans to buy back its existing bonds, a month after Moody’s and Standard & Poor’s each downgraded it by one notch.

The Taiwan Stock Exchange (TWSE) has its hands full trying to invigorate a primary equity capital market that for years has been confined by the lack of a domestic deals pipeline. But in an interview with GlobalCapital Asia, senior executive vice-president, Lih-chung Chien, is confident the exchange will remain competitive. Rev Hui reports.

China’s ENN Energy has made a tender offer to its bondholders to repurchase for cash any and all outstanding notes, as part of the company’s debt management efforts.

Mizuho has appointed a new head of debt syndicate for Asia Pacific, poaching him from rival Nomura.

Weichai Power sold its debut offering this week in the first deal under new Chinese rules for offshore bond issuance. Despite the changes to the guidelines, market watchers reckon the impact on the DCM market will be minimal.

I had the honour of gracing an awards night at one of Hong Kong’s best hotels last week, and my was it a treat.

Invitations are out for China Greenland Rundong Auto Group’s $100m three year term loan that comes with a $50m greenshoe. The deal, which has two banks at the top, is open only to senior lenders at the moment.

China took a huge step forward in liberalising its capital markets this week, announcing that Bank of China Hong Kong (BOCHK) and HSBC have been given approvals to become the first foreign banks to issue Panda bonds. While observers are excited by what could lead to a slew of issuance, questions are being asked about the future of dim sum bonds, writes Rev Hui.

Bank of America Merrill Lynch has hired Yang Xia from rival UBS for a new role, naming him head of Greater China equities. The appointment takes effect at the end of October.

China and the UK are set to usher in a “golden decade” in their bilateral relations, with the two countries proposing a stock trading link as a key part of the policy. Many have denounced the idea as a bridge too far, but if it goes ahead, the move could be a great leap forward for China’s international ambitions, writes John Loh.

Fosun Industrial, an entity owned by Chinese conglomerate Fosun, has hit the offshore syndicated loan market for a $700m three year borrowing.