Northeast Asia
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China’s industrial gas supplier Yingde Gases Group has launched a $300m borrowing into general syndication. -
Several CLO issuers in the US and Europe have come to depend on Japanese investors to anchor triple-A tranches, but observers say Japan’s banks may no longer be able to soak up foreign paper if a bubbling banking crisis forces banks to clean up their act at home.
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United Overseas Bank has made its first appearance in the Panda bond market, selling a Rmb2bn ($297.8m) three year deal.
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Chinese developer Guorui Properties is on track to redeem a puttable dollar bond later this month after pricing a new $295m transaction, bringing an end to debt refinancing woes that have lasting for months.
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Up Fintech, parent of online trading platform Tiger Brokers, has launched bookbuilding for a smaller-than-expected $91m IPO.
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China’s industrial gas supplier Yingde Gases Group has launched a $300m borrowing into general syndication.
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Fosun International has returned to the offshore loan market with a $300m dual-currency borrowing.
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A week after BMW debuted in the Panda market with a Rmb3bn ($447m) three year private placement, its onshore financing arm, BMW Automotive Finance, returned to more familiar territory with a Rmb5.5bn auto loan ABS.
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Shanghai Dongzheng Automotive Finance Co has kicked off the roadshow for its up to HK$3.36bn ($428m) Hong Kong IPO.
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David Morton, the former head of corporates, financials and multinational banking (CFMB) at HSBC, has announced his retirement.
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China’s Frontage Holdings Corp, which provides support to pharmaceutical companies, has refiled a draft IPO prospectus with Hong Kong’s stock exchange.
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GLP has closed a Rmb3.3bn ($490m) nine year Panda bond, after scrapping an earlier plan to sell a dual-tranche deal.
