Northeast Asia

Hong Kong-listed China Shengmu Organic Milk is set to make a comeback to the loans market about a year and a half after its last visit, as lenders remain wary about the company’s industry.

South Korea’s Kyobo Life Insurance Co opened books on its debut dollar bond on Monday — a subordinated 30 year rolling-in perpetuity non call five note.

Hong Kong-listed Longfor is planning its Panda bond debut with a Rmb2bn ($296m) dual-trancher. The property company filed the deal two months after winning regulatory approval — and just four days after a local rival sold its second Panda of the year.

Nan Hai Corp is selling a bond backed by a standby letter of credit (SBLC) while ENN Energy is returning to the market after a three year hiatus. Meanwhile, waste-to-energy firm China Jinjiang Environment Holding Company (CJE) has mandated a lead for its deal.

Chong Hing Bank is selling Asia's first Basel-III compliant tier two dollar bond of the year, part of an exchange plus new money offering.

UBS has added a banker to its debt syndicate unit in Asia, with a director expected to start in August. The hire comes after the recent departure of associate director Anson Ko.

Three entities associated with CMB Financial Leasing have approached the loans market for an up to $150m financing related to a shipping sale and leaseback.

The State Council grants PBoC greater powers with new commission, China reports 6.9% year-on-year GDP growth in the second quarter, and Spain plans its first Panda bond.

Malaysian lender Maybank announced price guidance for its debut Panda issue on Wednesday, a day before it was scheduled to finish a roadshow for the deal.

The European Investment Bank (EIB) and other market actors are working on a system to match investors’ views on what is a ‘green’ bond with suitable deals in the market.

China’s Four Seasons Education and Sichuan Hope Education Industry Group are planning to raise as much as $550m between them through IPOs in Hong Kong and the US in 2017, according to a source familiar with the matter.

The People's Bank of China signalled it was not done tinkering with its FX policy framework on July 12, when it made a proposal to expand the RMB daily trading band. Analysts agree the move is a step forward, but add that it contradicts the PBoC's recent push for increased control of the currency.