Northeast Asia

Swire Properties is set to become Asia ex-Japan's first issuer of international bonds in the new year, opening books for a 10 year dollar green deal on Wednesday morning.

China Merchants Port Holdings is returning to the Panda bond market for a Rmb500m ($76.8m) deal to fund its acquisition of a port in Sri Lanka — a flagship project under China's Belt and Road Initiative (BRI).

The China Securities Regulatory Commission (CSRC) is going ahead with a pilot programme to fully float Hong Kong-listed shares, although the plan will be limited to three companies in the initial stage.

Chinese regional lender Bank of Gansu Co has covered the books for its Hong Kong IPO, which could raise HK$6.1bn ($783.9m) at the top of guidance, according to a banker on the deal.

Chinese logistics services provider SF Holding Co and upstream oil and gas firm Geo-Jade Petroleum Corp are planning to sell dollar bonds this year.

South Korean shipbuilder Hyundai Heavy Industries is planning to list its refining arm Hyundai Oilbank this year, according to an ECM banker involved in the discussions.

Hong Kong’s Swire Properties is gearing up to become one of the first offshore bond issuers of the year, taking feedback from the market for a potential dollar-denominated green deal.

China’s Shandong Chenming Paper Holdings is ready to start the new year with its first dollar bond issuance.

Mizuho Bank is preparing to sell the first ever Panda bond by a Japanese issuer, after picking three local banks to manage the deal.

The Chinese president emphasises the need to control financial risk at a key economic policy forum, Pakistan considers using the renminbi instead of the dollar in bilateral trade with China, and China Development Bank sells $350m of bonds in Hong Kong to help fund the Belt and Road Initiative (BRI).

Jiaxing City Investment and Development Group Co began marketing its first dollar bond on Thursday, following a roadshow earlier this week.

China Oceanwide International Financial has mooted a HK$18.3bn ($2.3bn) rights issue to be used mostly for its securities business.