Northeast Asia

China National Chemical Corp (ChemChina) made a splash in the bond market this week with a dual currency five-tranche deal that raised close to $3bn.

Bank of Communications Financial Leasing has returned to the loan market, inviting banks to join a $300m three year green deal.

China Evergrande New Energy Vehicle Group raised HK$4bn ($516.1m) on Monday from a top-up placement that won the backing of heavyweight names in the technology industry.

Ming Yuan Cloud Group Holdings, a Chinese property sector-focused software company, has kicked off its Hong Kong IPO worth up to HK$6.2bn ($796.3m).

Singapore’s agribusiness company Wilmar International as well as Hong Kong conglomerate Swire Pacific have both raised sustainability-linked loans.

A senior investment banker has left HSBC to join Bank of America as part of its China leadership team.

US-listed Zai Lab and ZTO Express (Cayman) are set to launch secondary offerings in Hong Kong. Both the companies filed their final listing documents with the city’s bourse.

China Traditional Chinese Medicine printed a Rmb1bn ($146m) 270-day super short-term Panda bond last Friday. The issuer opted for a short tenor due to the difficult onshore debt market conditions.

Bank of China rolled out a dual-currency blue bond on Monday, making it the first borrower in Asia to market a marine sustainability transaction.

PCGI and PCGI Intermediate Holdings (PCGII) are seeking approval from bondholders for a consent solicitation triggered by a corporate restructuring.

Virtual goods platform Fulu Holdings has raised HK$890m ($114.8m) after pricing its IPO at the top of the marketed range, according to a source close to the deal.

Three Taiwanese companies are testing bank appetite for new loans, as slow deal flow this year gives them enough ‘bargaining power’ to raise funds at thin margins and fees.