Hong Kong dollar

BoCom International, the Hong Kong unit of China’s Bank of Communications, has launched a new HK$4bn ($509m) loan into general syndication, just weeks after its Macau unit opened a $500m club-style deal.

There was a time when Asia’s dollar bond market was just a sideshow to the global market, offering little in the way of excitement, sophistication or innovation. How times change, as Rashmi Kumar finds out.

Asian investors’ rise to dominance has caused a repricing across the region’s capital markets, and raised questions about just where US and European deals should price. How much further can regional liquidity rise in importance? GlobalCapital Asia finds out.

Asia’s local currency bond markets, which received a big fillip following the region’s financial crisis in 1997, have come a long way as economies work towards insulating themselves from global volatility. But although the region’s economies are now in better shape, there is no room for complacency, writes Rashmi Kumar.

A lot has changed for capital markets bankers in Asia over the last 30 years — and not just their favourite bars. GlobalCapital Asia asks veteran bankers to wander down memory lane and pick their best, and worst, moments.

The Asian financial crisis forced countries in the region to become more resilient. The global financial crisis proved they had done just that. But what shape will the next crisis take — and how are Asian economies equipped to deal with it? Matthew Thomas finds out.

The widening gap between Libor and Hibor, which reached the highest level in 10 years on Wednesday, is pushing Hong Kong and Chinese borrowers to the Hong Kong dollar-denominated loans market. But while the possibilities for opportunistic deals are plenty, bankers warn the window won’t be open for too long. Pan Yue reports.

Hong Kong-listed New World Development has converted a loan signed in March 2016 into a green loan, a first of its kind for the company and in line with its plan to promote sustainability across its business.

Far East Horizon has closed its largest syndicated loan at just over $1bn, after banks jumped onboard the fundraising.

Shenzhen Sunway Communications has made a quick switch to Hong Kong dollars for its debut in the offshore loans market to take advantage of recent Hibor weakness.

Hong Kong-listed LK Technology Holdings has divvied up its latest borrowing among 14 lenders.

A HK$13bn ($1.66bn) three year financing to support a consortium’s acquisition of retail properties in Hong Kong is in limited syndication, with the underwriter title on offer.