Northeast Asia
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Landsea Green Group Co, a Chinese property company, is taking orders for a green dollar bond for a second day, having started bookbuilding on Thursday morning local time. -
Hong Kong-listed Canvest Environmental Protection Group Company, a waste-to-energy provider, is seeking a $150m-equivalent borrowing denominated in Hong Kong dollars.
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Fortune Auto Finance (FAF) is approaching onshore investors with a Rmb3bn ($477.5m) transaction on Friday. The auto company is coming to the market as a number of foreign originators unveil their plans to raise more onshore RMB — from both structured and vanilla fixed income deals.
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A pair of supranationals helped bolster Hong Kong’s green bond ambitions with some SRI deals this week.
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Boutique investment bank SC Lowy signalled the potential it sees in the Italian banking sector through its acquisition of Credito di Romagna this week. Michel Löwy, CEO of the firm, also views it as a way to expand the firm’s European leveraged finance operations.
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Chinese investment banking giant CICC returned to the dollar bond market this week, raising $600m from its first deal in almost two years.
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Deutsche Bank has appointed Beng-Hong Lee to the newly created position of head of institutional client group for China.
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Bank of America Merrill Lynch, Credit Suisse, Nomura and UBS have made senior changes in their equity capital markets and syndicate teams in Asia.
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Coal mining company Mongolyn Alt (MAK) has further extended bookbuilding for its five year non-call two transaction, which is now expected to be priced in the week of April 23. The deal started taking orders officially on Tuesday.
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Several Chinese real estate companies, including Sunac China Holdings and Central China Real Estate, took advantage of relatively stable markets to ride the dollar issuance momentum this week. But supply pressure meant that many saw their bonds then trade under water.
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Guangzhou Industrial Investment Fund Management Co locked up a $500m short-dated trade on Wednesday, attracting investors thanks to its investment grade credentials.
