Northeast Asia
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China Development Bank Financial Leasing Co rode on solid demand for its dual tranche $1bn transaction on Thursday to seal the bonds inside of fair value, hitting both its targeted price and size. -
Two Chinese property companies seized the market window on Thursday to raise a combined $802m from the bond market.
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In this round-up, the State Council calls for more efforts in the development of green finance in China, regulators plan to kick off southbound trading under Bond Connect by the end of 2021, and large state-owned Chinese banks unveil the latest reshuffle in top leadership.
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Huatong International Investment Holdings Co, a Chinese local government financing vehicle, raised $600m from its bond on Thursday, but had to sacrifice a tighter price for a larger transaction.
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Taiwanese printed circuit board manufacturer Zhen Ding Technology Holding has closed a $250m loan with three participants.
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Chinese company Gangfeng Lithium Co is gearing up to tap equity investors for as much as HK$4.9bn ($632m) from a private placement of its Hong Kong-listed shares, as it looks to raise money to expand some of its projects and investments.
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Cheerwin Group, a Chinese company that makes personal and household care products, has thrown open its up to HK$3.1bn ($400m) Hong Kong IPO, testing investor appetite following a slump in the benchmark index this week over a planned increase in the stamp duty paid on stock trading.
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Development Bank of Japan became the second SSA borrower of the week to sell a dollar benchmark in the supplied three year tenor, tightening pricing by 5bp on the sustainability bond.
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The Export-Import Bank of Korea returned to the offshore renminbi bond market after nearly three years this week. It took advantage of a recent rally in the CNH swap rate to raise Rmb1.5bn ($232.4m). Addison Gong reports.
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Hong Kong's Castle Peak Power Co sold its third energy transition bond on Wednesday, raising $300m and solidifying its leadership in the sector in Asia.
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SciClone Pharmaceuticals bagged HK$2.18bn ($281.2m) after pricing its IPO high on the back of storming demand from institutional and retail investors, according to sources close to the deal.
