ICBC

Onshore DCM bankers are having a busy week in the Panda bond market. Two returning issuers have lined up onshore transactions this week, as they seek to profit from looser liquidity and falling yields in China.

David Zhu, a former loan syndications banker at Deutsche Bank, has joined ICBC International, GlobalCapital Asia understands.

Vietnamese conglomerate Vingroup Joint Stock Company has closed an oversubscribed $400m five year loan to support its automobile business.

CNCB (Hong Kong) Investment, a subsidiary of China’s Citic Group, has started wooing banks to its $500m debut loan.

Agile Group Holdings printed a smaller-than-expected $200m bond on Wednesday, struggling to source demand in spite of a generous yield, raising questions about the timing of the transaction.

CMB International raised $250m from a three year floating rate note on Monday. Bankers and analysts were expecting the deal to reach $300m but despite a well-filled book, the borrower opted to limit its size ambitions.

Hong Kong was inundated with IPO filings this week as banks sought to give themselves enough runway to launch deals before the end of the year.

Hong Kong start-up Welab Holdings has filed a listing application with Morgan Stanley as lead left underwriter and sponsor alongside JP Morgan.

Garanti Bank International (GBI) has cut the size and price of its self-arranged annual syndicated loan, with the Dutch arm of one of Turkey’s biggest lenders raising $185m.

Redsun Properties Group hit the road on Thursday to drum up buy-side demand for its potential HK$2.5bn ($324.2m) Hong Kong IPO.

Beijing-based investment bank Chinese Renaissance has set the ball rolling on its Hong Kong IPO.

Chinese mobile streaming platform Inke hit the road with its Hong Kong IPO this week armed with anchor demand as it seeks up HK$1.5bn ($192.6m).