HSBC

Chinese real estate developer KWG Property Holding made a successful return to the debt capital markets by printing a $400m bond after receiving an order book of $5.25bn.

CMB Financial Leasing, a subsidiary of China Merchants Bank, is considering increasing the size of its $150m three year term loan after getting a positive response in syndication thanks to its good track record, and improved sentiment that is driving lenders to invest in offerings by leasing companies.

The Australia Securities Exchange (ASX) has launched an RMB settlement service in collaboration with Bank of China (BoC), and is aiming to promote the use of RMB for trade — an area that a recent study identified as one in which Australian corporates have been lagging behind their peers elsewhere.

China Merchants Bank (CMB) is to meet with investors a new bond. The trade will be issued by wholly owned subsidiary Airvessel Finance Holding in what would be its debut international bond.

China Development Bank (CDB) has opened guidance on a new 10 year dim sum bond. The policy bank, which is known for its innovative approach to the capital markets, is returning to the offshore renminbi market for the second time this year.

Orion Engineered Carbons, the German carbon black producer, released price guidance on its €780m-equivalent loan at a bank meeting on Monday.

KWG Property Holding issued initial price guidance for a five year non call three bond on July 29, joining a slew of Chinese real estate names that has been tapping the debt market recently.

GF Securities closed its debut offshore syndication at HK$1.12bn ($144.5m), almost double the launch size of HK$$600m. The deal was boosted by the company’s rarity factor that helped bring more banks on board.

Anglo-Dutch publisher Reed Elsevier issued its latest five year bond in sterling on Friday, taking advantage of limited supply to meet some of its funding needs in the currency.

Sichuan Development Holding, which is wholly owned by the Sichuan government, priced a groundbreaking debut three year offshore renminbi bond on Thursday, July 24. Backed by multiple credit enhancements, the bond is the first CNH issue from a Chinese local state owned enterprise (SOE) to be sold without a quota from China’s National Development and Reform Commission (NDRC).

Hong Kong listed RedCo Properties Group made its debt capital markets debut on July 25 but the borrower struggled to gain traction with investors and was unable to tighten guidance.

China’s Greenland Holding Group will be meeting investors this week for a proposed dollar deal, following the establishment of a $2bn MTN programme.