News content

HNA Group sealed a quick return to the bond market on Thursday with a $35m tap of its inaugural outing from last November.

In this round-up, Chinese premier Li discussed RMB foreign exchange volatility with IMF's Lagarde, the Asian Infrastructure Investment Bank formally launched, a new A-shares exchange traded fund launched in Hong Kong, while a survey found Hong Kong retail investors fear RMB volatility most for 2016, and Tajikistan activated its currency swap line with China. Plus, a recap of GlobalRMB's top stories this week.

The Indian government is seeking bookrunners for the divestment of shares in wholly-owned Cochin Shipyard via an IPO, issuing a request for proposals to banks on Thursday.

Yue Xiu Enterprises has doubled the size of its loan to $400m after seeing strong demand from lenders during syndication.

Swiss franc investors made the most of a rare opportunity to buy Austrian sub-sovereign paper on Thursday when Land Niederoesterreich (Lower Austria) tapped its April 2021 and September 2023 bonds.

Medium term notes from supranationals are proving popular, as investors turn to the asset class in the face of uncertain markets.

A fight between the European Commission and the member states of the Union could allow the Markets in Financial Instruments Directive II to split into myriad national interpretations — a nightmare for those trying to implement the complex new rules.

The Hong Kong Stock Exchange (HKEX) wants to give investors access to IPOs in the city and China, with an “IPO connect” now in the works. But with investors still reeling from the turbulence in China’s A-share market, the move faces plenty of challenges.

Kommuninvest has selected three banks to arrange a roadshow to introduce its green bond framework, with a view to issuing a debut trade in the format this quarter.

Thin deals volume from Indonesia last year is expected to continue into 2016 because of pressure on commodities and unfavourable swap rates. But there might be some respite on the way when it comes to pricing loans for state-owned companies, writes Shruti Chaturvedi.

Macau casino operator SJM Holdings is hunting for a HK$25bn ($3.2bn) loan to fund a new project in the city. Although the gaming industry in Macau is experiencing a lean period, loans bankers are expected to place their bets on SJM’s strong market position.

China Railway Rolling Stock Corp hit the equity-linked market this week for $600m, becoming only the second firm to print an H-share CB in Asia since 2007. The deal, which follows a similar issue from a Chinese peer earlier this month, has set in motion the transition from a rare deal type into a regular funding option.