ICBC

New Zealand will be an important test case for mandatory reporting on climate risks. Financial firms everywhere would be wise to sit up and take notice.

New Development Bank will become the first issuer to hit the dollar market this week, announcing a five year benchmark, the proceeds of which will fund sustainable development activities and emergency support loans to its member countries.

Guotai Junan Securities Co faced a choppy market backdrop to price a $500m bond on Wednesday, becoming one of only a handful of Chinese issuers to head offshore this week.

Georgia is returning to the bond market after its existing dollar notes matured just days ago.

China’s Fortune Auto Finance Co launched its first internationally rated auto loan ABS transaction this week, pricing the senior portion of the Rmb2.5bn ($381.5m) deal at a competitive spread.

Trip.com Group has launched bookbuilding for its HK$10.5bn ($1.35bn) secondary listing in Hong Kong, testing investor appetite amid growing pains for the pandemic-hampered travel industry and as the performance of recent IPO debuts in the city fizzles.

Iqbal Nasim, head of financial institutions at ICBC (London), will leave the bank in the middle of April to set up a desk at a smaller Asian lender.

Chengdu Jiaozi Financial Holding Group Co priced an ultra-tight $200m bond on Wednesday, turning to a group of largely Chinese banks for a club-style transaction.

Huatai Securities Co was back in the dollar market on Tuesday, marketing a dual tranche transaction more than a year after its last dollar sale.

Casino operator MGM China Holdings added more liquidity to its balance sheet this week with a $750m bond outing.

The New Development Bank sold a Rmb5bn ($767m) Panda bond aligned to the United Nations’ Sustainable Development Goals this week. The deal, expected to help mitigate the impact of Covid-19 on the Chinese economy, was priced flat to China Development Bank’s yield curve, and saw solid demand from international investors. Addison Gong reports.

Avic International Leasing Co landed a $500m bond well inside of fair value on Wednesday, thanks to strong support from its syndicate banks.