ICBC

Three Chinese corporates hit the debt market on Thursday on a busy day of issuance in Asia. Beijing Capital Development Holdings (Group), Golden Wheel Tiandi Holdings Company and a financing vehicle from Guangxi raised a combined $900m from deals.

Fixed income investors have plenty supply to choose from out of Asia with seven issuers venturing out on Thursday. Corporates joining the fray included property companies Shokai Group and Golden Wheel as well as Guangxi LGFV and Hong Kong’s Li & Fung.

Seven deals launched Thursday as issuers came out in force to raise money ahead what is expected to be greater market uncertainty in November.

Industrial and Commercial Bank of China’s Tokyo branch sold a Rmb500m ($73.8m) dim sum bond on Tuesday — the first offshore renminbi Pro-Bond to be sold in Japan. The transaction was a successful attempt at drawing attention from Japanese investors, with the issuer managing to save costs compared to its dollar funding, according to bankers.

Bank of Communications Financial Leasing Co launched its second dual tranche dollar bond of 2016 Tuesday, following a global roadshow last week.

Beijing Capital Development Holdings (Group) Co,also known as Shokai Group, is preparing for a dollar-denominated bond.

ICBC Sydney issued a Rmb1.2bn ($177m) dim sum bond on Thursday, tapping investor interest for short term liquidity with a two year offering.

Industrial and Commercial Bank of China’s New York branch was forced to scrap a 10 year portion of a dual tranche bond on Monday because of a disagreement with investors over what it should pay. But all was not lost, as the issuer decided to make the most of the demand for the shorter tenor, taking home $1bn in the end, writes Addison Gong.

ICBC Sydney has returned to the dim sum bond market with the launch of a new two year bond.

Chinese ABS buyers are gearing themselves up for a rare visit from Toyota. The company’s China auto leasing arm is poised to launch a Rmb3bn ($445m) offering this week following a more than two year absence.

Industrial and Commercial Bank of China’s New York branch decided to scrap a 10 year portion of a dual-trancher on Monday, as mismatch on pricing led to investors shunning the tenor in favour of a five year.

ICBC Standard Bank appointed a sales head this week in a newly created role that will focus on local markets and illiquid credit.