Greater China

Shenzhen Expressway Company is set to make its debut in the international bond market after scheduling investor meetings to start on Monday, September 7.

Citic Capital Holdings has wrapped up its latest fundraising at HK$3bn ($387m), higher than the launch size of HK$1.80bn thanks to solid demand. The outcome was largely predicted by bankers as the company’s previous loan too was oversubscribed.

In this round-up, Russian bank VTB tightens co-operation with China Development Bank, latest Hong Kong and Singapore deposit data, the Azeri state oil fund reports first holdings of RMB in its foreign currency reserves, and Bank of China and China Construction Bank H1 2015 reports highlight progress in cross-border RMB business.

Ye Chiu Group subsidiary, Harmony Group, has hit the market for a $150m loan led by a trio of banks. The Chinese aluminium recycler’s fundraising comes at a time when demand for industrial metals is slowing, but bankers reckon the company’s strong market position will help.

For the second time in a week, officials at the China Financial Futures Exchange last Friday implemented tougher rules for traders attempting to sell.

Yunnan Water Investment is set to issue maiden bonds in the offshore debt market alongside onshore notes. The company is considering a range of currencies for its international debut, including US dollars, euros and offshore renminbi (CNH).

When stress levels at work peak, it’s every banker's dream to quit working and travel around the globe. And last week, I was invited to the farewell drinks of a senior banker friend who had decided to do exactly that.

IPO bankers are treading cautiously around two of the post-summer season’s most highly anticipated trades in Hong Kong, after a global sell-off in stocks sent investors packing and clouded the outlook on shares sales with China links.

Bank of America Merrill Lynch has bolstered its Asia Pacific investment banking team with a new hire from Morgan Stanley.

A $240m dividend recapitalisation loan for Asia Satellite Telecommunications' (AsiaSat) sponsor Carlyle has seen seven banks commit so far, with one more lender awaited.

A $165m triple-tranche loan for CVC-sponsored Asia Education Investment is due to close soon with commitments coming in from a couple of banks during general syndication — an outcome criticised by many.

Cigarette maker Philip Morris flagged off pre-deal investor education for an up to Rph26.70tr ($1.92bn) follow-on transaction in its Indonesian subsidiary HM Sampoerna on September 2, with the process set to run for two weeks.