HSBC

Hong Kong listed Modern Land China brought a five year non call three deal to the dollar market on July 24, attracting investors with a double digit coupon.

Chinese state-owned conglomerate Citic has returned to the market with a $1bn dual tranche loan, picking eight banks as mandated lead arrangers and bookrunners.

Tata Steel closed its first international bond on Thursday, July 24, as it looks to refinance loans from its 2008 acquisition of Corus. Despite pricing on a day when the Indian high yield sector saw $2.4bn of new issues, the trade nonetheless pulled in bids worth $9.1bn.

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

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.