Northeast Asia

Four Taiwanese banks have sold green bonds, reopening the island nation’s market after a debut deal in 2014.

Bright Scholar Education Holdings’ decision to price its IPO above the range paid off handsomely as the stock surged over 30% on its debut on the New York Stock Exchange.

Nan Hai Corp grabbed $500m on Thursday with the sale of a three non call 1.5 year bond, pushed to an investment grade rating thanks to a standby letter of credit from China Citic Bank Corp’s Shenzhen branch. Meanwhile, Sinochem Hong Kong (Group) Company sealed $300m from a club-like transaction.

China Mengniu Dairy has sealed a $194.8m exchangeable bond following a strong response from investors during wall-crossing, according to a source close to the deal.

State Administration of Foreign Exchange (Safe) figures show net FX sales rising in April, People’s Bank of China (PBoC) launches FinTech committee, and FTSE Russell adds more China-related indices.

Transportation Partners and China National Chemical Corp will meet fixed income accounts for their respective dollar bonds, while names like Poly Culture Group Corp, Macrolink Culturaltainment Development Co, Oceanwide Holdings Co and Jiangxi Ganfeng Lithium Co are planning to go offshore.

Chinese mobile phone maker Xiaomi, which sounded out lenders to refinance a syndicated loan raised in 2014, has sent out terms for the new facility to retail banks.

Chinese and other Asian banks are catching up with Western rivals in the emerging market loan market and, as Bianca Boorer reports, look set to keep growing their market share.

Bankers are a gossipy bunch. Whether it is a stock tip or a juicy titbit about a rival banker, we love to wallow in all the information.

China Feihe filed a listing application in Hong Kong on Wednesday, four years after it was taken private from the New York Stock Exchange.

BOC Aviation priced its latest five year bond well inside theoretical fair value, helped by its strong financial position, a healthy book and a clear existing curve. But its secondary performance was affected on Thursday by the political turmoil in the US that has caused volatility.

Industrial and Commercial Bank of China (ICBC) Dubai sold a dual tranche $700m floating rate deal on Monday, followed by a €500m floater on Wednesday.