ICBC

Maybank has more than doubled its latest loan to $850m after big ticket commitments poured in during syndication.

The four month hiatus in Panda bond issuance in China’s interbank bond market has ended with Chong Hing Bank’s Rmb1.5bn ($229m) note.

China Development Bank (CDB) has raised $1.67bn equivalent from a dual-currency, triple-tranche offering, receiving strong support from Chinese banks and offshore investors.

The US has finally engaged with the internationalisation of the renminbi after years of stubbornly ignoring the currency’s rise. Market participants have welcomed the Rmb617m ($94.15m) worth of instruments issued by the New York branches of Agricultural Bank of China (ABC) and Industrial and Commercial Bank of China (ICBC), but say the developments are long overdue. Rev Hui reports.

China Three Gorges (CTG) made an impressive return to the bond market on Tuesday with a $1.5bn dual-tranche offering that was well-liked by investors, even though pricing was aggressive.

China Development Bank has opened books for a dual-currency, triple-tranche offering, four months after the policy bank raised around $2bn from a similarly structured trade.

China Three Gorges Corp, CCB Leasing and 361 Degrees International are looking to take advantage of a tight window to get their dollar fundraisings out of the way ahead of a speech from Federal Reserve chairwoman Janet Yellen on Friday.

ICBC continued its debt-raising spree on Monday, with the New York branch becoming the third of the lender’s units to sell a bond this month. But while the deal resonated well with Chinese bank treasuries, signs of investor fatigue are starting to appear.

Biostime International Holdings has begun syndication on a refinancing of a $450m bridge loan taken last year to fund its A$1.386bn ($995m) acquisition of a controlling stake in Swisse Wellness.

Axis Bank is on track for its debut green bond, marking the third dollar green offering to be sold by an Indian borrower.

SCPG Holdings is planning to issue up to Rmb2bn ($306m) in the onshore renminbi debt market as early as this month while Hong Kong-based Chong Hing Bank is set to price its debut Panda bond of up to Rmb1.5bn on May 20.

Bhira Investments, a unit of India’s Tata Power, has wrapped up allocations for its $460m refinancing following a bumper response in syndication, with 19 banks getting a slice of the trade.