Northeast Asia

Chinese central government-owned China National Travel Service Group Corp (CNTS) made a quick return to the dollar bond market this week, extending its maturity profile with a $600m dual-tranche transaction.

India's Vedanta, Syndicate Bank make loan comeback — Shanghai Sinnoil defaults on $400m loan — Fullerton allocates $250m among 17 banks — Lesso closes $1.1bn refi — Indorent holds non-deal roadshows

Citi has made Peter Babej, head of its financial institutions group, its new chief executive officer in Asia Pacific, looking outside the region for a replacement of former boss Francisco Aristeguieta.

Industrial Bank of Korea (IBK) raised $600m on Wednesday from a combination of fixed and floating rate notes.

Ma Jun, a green activist who also sits on the monetary policy committee of the Chinese central bank, tells GlobalMarkets that multilateral development banks need to focus on risk mitigation, reduce the risk of default on demonstration projects and help local banks deliver more lending if they want to deliver on financing green infrastructure

Heavy debt burdens are forcing African countries to either renegotiate loan terms with China, or ask for debt forgiveness, with some blaming China’s lack of attention to debt sustainability.

A new report claims that Taiwan has over a $100bn of hidden dollar reserves — more than enough for the US Treasury to classify the Asian country a currency manipulator if it wanted to. But given Taiwan’s strained relationship with China, the US might be prepared to look the other way

China’s Greater Bay Area has become a focus area for bankers, corporations and regulators. Ma Jun, one of China’s most prominent experts on green financing, thinks it could also become a green hub.

The Securities and Futures Commission’s chief executive officer Ashley Alder is set to step down in September next year.

Chinese real estate company Kaisa Group Holdings chose to go down the 144A route for its latest bond, raising $400m from a deal that hit the higher end of its size expectations.

China Construction Bank returned to the international bond market on Tuesday, turning to dollar and euro investors with two separately-executed deals worth a combined $1.551 billion.

Chinese online education platform Youdao has launched bookbuilding for its New York Stock Exchange listing, eyeing up to $100.8m from the deal.