ICBC

China Minsheng Banking Corp has jumped into the debt market, opening a dual-tranche floating rate offering for dollar investors through its Hong Kong branch on Tuesday.

ICBC International (ICBCI) has approached banks for a $500m syndicated loan facility with Agricultural Bank of China at the helm.

Banks are making efforts to boost their sponsor coverage in Asia, responding to the growing prominence of private equity funds in the region and a shift in business ownership to a younger generation that is more open to selling stakes. Shruti Chaturvedi reports.

Joy City Property, a red chip real estate developer, has picked two banks to manage its Panda bond debut.

China Great Wall Asset Management stumbled into secondary trading late on Friday after its new dollar deal hit delays due to confusion over coupon payment dates.

China Great Wall Asset Management attempted to reopen the Asian dollar debt market on Thursday with a triple tranche offering after a typhoon shutdown the market on Wednesday.

Midea will close a five year term loan later this week, as the Chinese appliance maker refinances the €3.7bn bridge facility it used to buy German robotics manufacturer Kuka.

China Great Wall Asset Management Co has mandated a whopping 20 banks for its next dollar bond, and is planning to meet Hong Kong investors on Tuesday.

Sunac China Holdings raised $1bn on Wednesday from a dual-tranche bond, despite a lot of market talk about the company this year. Bankers said the deal's success showed investors’ confidence in the company, but analysts argued the issuer left enough on the table to get demand.

Investors poured cold water on China Gas’s first outing in the Panda bond market since last October, forcing the energy issuer to pull the longer-term tranche of its Rmb1.5bn ($221.4m) deal on Thursday.

Hong Kong-listed Sunac China Holdings has set its sights on the debt market for a dual tranche dollar bond, one week after sealing a HK$4.03bn ($516.2m) top-up placement.

Pricing on Akbank’s one year loan refinancing dipped by 10bp as political turmoil in Turkey appears to have died down since president Recep Erdoğan won a referendum to consolidate power in April.