Northeast Asia

ICBC International Holdings, through Horsepower Finance, raised $650m on Monday, reaching its $1.2bn debt-raising cap given by regulators last year.

As the market buckles up for a March rate hike, some fixed income investors are playing it safe, becoming price sensitive to new issues. Against that backdrop, China SCE Property Holdings priced a five non call three on Monday with guidance unchanged throughout the day.

Chinese onshore bonds are eligible to join the Citi Fixed Income Indices for the first time, the bank said this week. This follows last week’s publication of new guidelines by the State Administration of Foreign Exchange (Safe), which opened the door to foreign investors trading FX derivatives onshore.

Tsinghua Unigroup, part of Chinese state-owned Tsinghua Holdings, is set to sign its debut international loan at $701m — more than twice the launch size of $300m.

Singapore-listed commodities trader Noble Group returned to the international bond market on Monday after a hiatus of nearly three years. Despite the continuous noise around the credit, investors appear to have put the company’s past behind them as they piled into the $750m deal.

Chinese firm Inner Mongolia Energy Engineering Co is vying for approval to list in Hong Kong, according to a filing on Monday.

Indian film maker and distributor Eros International has launched its maiden dollar bond with books building quickly during the Asia morning, as it competes with Export-Import Bank of China.

The CEO of HKEX may be keen for Saudi Aramco to list in Hong Kong but as our columnist Clawback explains, there are more reasons for the Saudi oil giant to bypass the city’s exchange than to pick it for a listing.

Natixis is rebuilding its DCM team in Asia Pacific following some high profile departures since last year.

Gome Electrical Appliances Holdings became the first Hong Kong-listed consumer electronics retailer to sell dollar bonds, bagging $400m from a tightly priced but popular deal last Friday.

Hong Kong-based non-bank financial firm AMTD is looking to list its investment banking (IB) arm on top of the planned IPO of its insurance division, according to sources.

Singapore-listed commodities company Noble Group, ICBC International and China SCE Property Holdings were out of the gates on Monday morning for new dollar outings, coming before a widely expected Federal Reserve rate hike this month.