ICBC

Loncin’s debut international bond squeaked into the quiet dim sum market on Monday, raising Rmb800m ($116m). However, the outlook for offshore renminbi debt remains poor as issuers and investors stay away.

State Power Investment Corp (SPIC) kicked off this week's Asia bond market, opening books to a dual-tranche offering on Tuesday morning Asia time.

State-owned CSC Financial Co has opened books on its HK$8.2bn ($1.1bn) IPO in Hong Kong, with value seen for the shares at the low end of the price range.

Chinese auto company Loncin Holdings launched a new dim sum bond Monday, the issuer’s first international market transaction, as two other Chinese names issued mandates for their own debuts.

China Aluminum International Engineering (Chalieco), ICBC International and Changsha Pilot all walked away with fresh funds on Wednesday, pricing their deals ahead of Thursday’s US Thanksgiving holiday.

Volkswagen Financial Services completed its fifth, and to date largest, Chinese auto loan asset-backed securitization fetching Rmb4bn ($581m) from its Driver China five transaction on Tuesday.

Chinese issuers stormed the primary debt market on Wednesday with Export-Import Bank of China, China Aluminum International Engineering Corp (Chalieco) and Changsha Pilot Investment Holdings Co among the borrowers attracting bids.

Free trade zone (FTZ) bonds are finally about to emerge in China, with the Shanghai Municipal Finance Bureau releasing a set of guidelines on the underwriting process of the city’s upcoming transaction.

ICBC London raked in $500m from a new three year floating rate note on Monday, as the strength of its credit helped muster strong buy-side demand.

CMB Financial Leasing Co launched its debut international dollar bond on Monday with three and five year tranches, as ICBC London rolled out a three year floating rate note.

Changsha Pilot Investment Holdings Co is readying its international debut, having mandated two firms to arrange roadshows next week.

The Dubai Gold and Commodities Exchange has signed up the Industrial and Commercial Bank of China as a clearing and settlement bank, which it hopes will ease its introduction of Shanghai gold futures.