Northeast Asia

The Export-Import Bank of China raised Rmb1bn ($143.8m) from its debut green bond this month, marking the first green debt to be sold by a policy bank in the Mainland.

China New Town Development Co has appointed BNP Paribas as a placing agent to help meet the free float requirement in Hong Kong once its delisting from the Singapore bourse is completed.

Irish funds could soon be making waves in China’s onshore capital markets thanks to a Rmb50bn ($7.2bn) Renminbi Qualified Institutional Investor (RQFII) quota awarded to Ireland this week.

Wanda Commercial Properties Hong Kong is due to sign a syndicated loan facility at $487.5m, slightly lower than the launch size of $500m. But a few more banks that were unable to make the deadline are expected to come in later, which will allow the company to boost the deal size.

Huarong International Financial Holdings is reaching out to shareholders for funds, with a rights issue targeting HK$658.4m ($84.8m).

Chinese property developer Fantasia Holdings Group added $100m to its existing five non call three notes with a tap on Tuesday, reaching its goal to raise $500m from the dollar debt market this year.

Volvo Cars, the Swedish car company owned by Zhejiang Geely Holding of China, has raised Skr5bn ($530m) in a private placement of preference shares, which might be converted to listed shares if Volvo completes an IPO.

Chinese property developer Fantasia Holdings Group is looking to raise up to $100m from a tap of its existing notes, opening the deal on Tuesday morning.

Shui On Development Holding has increased the size of its fundraising to the equivalent of about $550m from $300m, following an oversubscription from 15 banks.

Hong Kong-listed cigarette package printer Amvig Holdings is in the market for a HK$1.6bn ($206m) equivalent dual currency loan to refinance debt. The company will pay banks a fixed rate of interest for the renminbi portion of the deal.

Bank of Jinzhou bagged HK$7.5bn ($970m) from investors last Friday, completing an H-share private placement it had announced back in March.

The Hong Kong Financial Services Development Council (FSDC) has recommended the city to speed up the implementation of Bond Connect to strengthen its position as a global offshore renminbi hub.