Northeast Asia
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The Central American Bank for Economic Integration (Cabei) is set to price a senior unsecured Formosa bond on Wednesday after tightening price discussions. -
Sumitomo Mitsui Banking Corp sold its largest every Australian dollar deal on Tuesday, scooping up A$2.4bn ($1.6bn) of senior unsecured paper through its Sydney branch.
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China Meidong Auto Holdings turned to investors on Tuesday for up to HK$1.01bn ($130.4m) from a top-up placement, according to a source familiar with the matter.
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China’s Zhongyu Gas Holdings has launched a $300m refinancing loan into general syndication.
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The People’s Bank of China said it will buy Rmb400bn ($56bn) of inclusive loans given by banks to small and micro enterprises. The move can spur the country’s lenders to boost new lending to small businesses by as much as Rmb1tr.
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Chinese bond issuer Shandong Ruyi Technology Group is back in the spotlight after a local government financing vehicle (LGFV) pulled out of a planned Rmb3.5bn ($491m) purchase of the clothing company’s shares, putting pressure once again on its looming maturities.
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China’s green market has taken a big leap forward with plans to cut clean coal from the list of projects eligible for green bond financing. The move is notable — but only if the country follows it up with more measures.
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China’s Dada Nexus, an operator of on-demand retail and delivery platforms, has launched bookbuilding for its up to $280.5m US listing, according to a source familiar with the matter.
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Online game developer NetEase has begun bookbuilding for its long-awaited Hong Kong secondary offering. The company is aiming to raise around HK$21.6bn ($2.8bn).
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China Construction Bank International has repaid, ahead of schedule, a $1bn loan maturing in July 2021.
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Beijing Enterprises Clean Energy is making a quick return to the offshore loan market, only two months after launching a separate borrowing.
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A 20-year Credit Suisse veteran will chair the bank's China securities joint venture, after the Swiss firm takes majority control of the onshore business.
