ICBC

Industrial and Commercial Bank of China sold a dual-tranche floating rate transaction on Wednesday, getting significant interest from western accounts as it used its London arm as the issuing vehicle.

China Citic Bank Corp rolled out a four-tranche transaction on Thursday after a roadshow spanning Hong Kong, Singapore and London. Meanwhile, India’s ICICI Bank is marketing a 10 year bullet through its Dubai branch.

Industrial and Commercial Bank of China opened books for a dual-tranche floating rate dollar bond on Wednesday, to be sold through its London branch.

China General Nuclear Power Corp (CGNPC) raised around $1.5bn from a dual currency, triple-tranche transaction on Monday, which included a green bond. The issuer’s ambition to raise funds at the long end of the curve meant it offered a juicy pick-up on the five-to-10 year dollar curve compared to other A-rated state-owned names.

State-authorised asset operator China Reform Holdings Corp found only marginal international support for its debut dollar bond on Monday, as the buyside struggled to relate to the company’s story and the deal’s structure.

China Reform Holdings Corp, China General Nuclear Power Corp (CGNPC), Hong Kong’s Pearl Holding III and Shimao Property Holdings are among the issuers in the market with new transactions on Monday.

There was little excitement among investors for Shandong International Trust’s Hong Kong IPO, with the HK$2.95bn ($377.5m) deal priced near the bottom of guidance, according to a banker close to the listing.

A handful of Chinese issuers are set to go on roadshows next week to gauge investor interest for their offshore bonds.

The Islamic Republic of Pakistan raised $2.5bn from a sukuk and a conventional bond on Thursday, finding strong support from the buy-side.

The inaugural issuance of Baikal bonds — denominated in renminbi and issued in Russia — has come closer this week as the Russian Ministry of Finance toured Hong Kong and Mainland China on a non-deal roadshow, sources told GlobalRMB.

Huarong Real Estate Co and Fosun International approached investors with different trades on Tuesday, with the former nabbing €500m from its inaugural offshore bond and the latter taking $300m from an opportunistic deal.

The Islamic Republic of Pakistan opened its dollar-denominated sukuk and conventional bonds for bids on Wednesday, just days after the country’s government was forced to bring in the army to tackle protests in the capital.