Northeast Asia

Hyosung Vina Chemicals, a Vietnam-based business unit under South Korean conglomerate Hyosung, is raising a $1bn loan from both Korean and international lenders.

Vietnam’s Nghi Son 2 Power, which counts Japanese trading and investment conglomerate Marubeni Corp as one of its investors, has raised a $1.869bn project loan from a group of mainly Japanese lenders.

China’s stock market regulator has named Legend Holdings, parent of technology company Lenovo Group, as the first to take part in its H-share convertibility pilot programme.

Yuexiu Real Estate Investment Trust, the only Chinese Reit to have issued bonds offshore, returned last Friday for a $400m three year deal, pricing it slightly inside its parent company’s curve.

Ping An Healthcare and Technology has kicked off a highly-anticipated HK$8.8bn ($1.1bn) IPO, set to be one of Hong Kong’s biggest from the new economy sector this year.

The Chinese securities watchdog names the first company to take part in the H-share convertibility experiment, Z-Ben Advisors says UBS is the best international asset manager in the onshore market, and the US and China may meet to resolve trade dispute.

BNP Paribas' Greater China CEO Paul Yang has stepped in as a temporary replacement for the bank's China head, who left after only a brief reign. The French lender has also appointed a new head of its RMB competence centre.

Credit Suisse has picked Allan Chu as its new head of technology, media and telecom for Greater China, according to sources.

China’s Envision Energy Overseas Capital Co grabbed $300m from a green bond on Thursday after weeks of wooing investors. But price discovery posed a challenge because of renewable companies coming under pressure recently.

Chinese property company Landsea Green Group Co closed its $150m bond on Friday afternoon following a two day bookbuilding process.

China Overseas Land & Investment (Coli) raised $1.5bn from a dual-tranche transaction in yet another busy week for Chinese property names, ending a three year absence from the offshore debt market.

China’s FX watchdog indicates that new quotas will be granted for two outbound investment schemes, the country’s economic planner prepares to roll out new negative investment lists, and Citi partners with Bank of China and China Merchants Bank to finance Belt and Road projects.