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The Asia ex Japan bond market was crowded on August 4 with Oceanwide Holdings and eHi opening books for respective dollar bonds, and Export Development Canada (EDC) and HNA Tourism opting for offshore renminbi (CNH) offerings.

Sainsbury’s Bank has shelved a sterling tier two trade following a roadshow last month.

Chinese banks now hold four of the top five spots in SNL Financial’s ranking of the world’s largest banks, while Europe’s global footprint is shrinking.

Westpac Banking Corp has completed a swift, efficient foray into the Singapore dollar market, printing Basel III tier two notes on August 4. Demand was such that the borrower was able to price the bond by late afternoon and still manage to meet its pricing and diversification goals.

ICBC has established the first round-the-clock RMB clearing facility in its Singapore branch, the bank said in an August 4 statement.

Peking University Founder Group (Founder Group) made a quick return to the offshore bond market on August 3 with a $185m tap to its maiden issue from May.

China Auto Rental (CAR) pulled off a second successful foray in the US dollar bond market, raising $300m after tightening pricing by nearly 40bp on the back of strong demand.

Life insurance company FWD Group has sealed its maiden offshore syndicated loan, with a group of five banks. The $250m three year facility was co-ordinated by Standard Chartered.

International Finance Corp (IFC) has sold the world’s first green Masala bond. The deal is only the second green bond in the Indian currency and the sixth offshore rupee trade globally.

Barbados-headquartered insurance company and financial services group Sagicor Financial Corporation is likely to price a $320m seven year non-call four bond on Tuesday, according to a syndicate banker working on the deal.

Two Formosa debuts from Korea Development Bank (KDB) and Citi have added to the flurry of issues in Taiwan's offshore renminbi bond market, taking volumes this year to Rmb28.2bn ($4.5bn), compared with Rmb20.8bn for the whole of 2014.

China Construction Bank (CCB) London branch is set to offer its debut multi-currency certificates of deposit (CDs) in the next few weeks. Jinming Hu, co-head of Treasury at CCB London Branch, told GlobalRMB that they would include renminbi-denominated offerings.