Northeast Asia

Samson Paper Co has breached two covenants on a HK$780m ($100m) loan from 2017, with lenders still waiting for more information from the company.

BMW Finance braved huge volatility in China’s bond market to sell a Rmb2.5bn ($357m) Panda bond this week, achieving a record coupon despite ballooning yields on domestic bonds. Rebecca Feng reports.

This year has been a strange one on many fronts, but one of the oddest things we’ve been forced to confront is the virtual meeting.

Greenland Holding Group Co met its $650m size target for a bond on Wednesday, pairing the dual-tranche outing with a tender offer for its maturing notes.

Goodman Hong Kong Logistics Fund1 (GHKLF), a warehouse property owner, found overwhelming investor support for its first dollar bond in six years.

Credit Suisse has made three senior appointments to its China securities joint venture.

Investors jumped on Semiconductor Manufacturing International Corp’s shares on its debut on the Star market, pushing up its stock by 220% in the first half a day of trading.

Chinese real estate developer and defaulter Tahoe Group Co has told lenders and bond investors not to expect payment as the company grapples with a difficult restructuring.

Yunnan Construction and Investment Holding Group relied on anchor orders for its maiden $500m bond this week.

Chinese property developer Skyfame Realty Holdings grabbed $87.5m from a 364-day bond on Tuesday.

Chailease International Finance is approaching a large group of banks for a new $250m loan. This is in a bid to attract lenders, as other units under its parent company have already tapped the offshore market three times this year.

Melco Resorts Finance was forced to pay a premium to secure orders for its $500m bond this week amid a wider underperformance of recent casino deals.