Bonds

  • Veolia prints Rmb1.5bn Panda bond return

    French water and waste management and energy services company, Veolia Environnement, bagged Rmb1.5bn ($215m) from a private placement Panda bond issuance last Friday.

    • 07.30 AM
  • Excellence closes year with anchored trade

    Excellence Commercial Properties Co netted $100m from an offshore bond sale last Friday.

    • 07.00 AM
  • Hydoo wraps up exchange, pays 14% coupon for new 2yr bond

    Chinese property developer Hydoo International Holding has priced new notes as part of an exchange offer, issuing $193.5m of two year bonds that include around $82m of new money.

    • 13 Dec 2019
  • Zensun returns for tap of debut bonds

    Chinese residential developer Zensun Group bagged $120m from a tap of its debut bond on Thursday, launching the deal on the back of plenty of anchor support.

    • 13 Dec 2019
  • Chinese banks play it safe as LGFV concerns grow

    The Chinese local government financing vehicle (LGFV) sector ran into some trouble this week, causing a sell-off in the secondary market and a primary deal to be pulled. The fallout from the events could lead to a challenging start to 2020, writes Addison Gong.

    • 12 Dec 2019
  • HBIS takes on 2020 refinancing with $300m outing

    Hebei-based steelmaker HBIS Group raised $300m from a bond this week ahead of an April maturity. It hit the market when investor confidence was shaken by recent and upcoming defaults from China.

    • 12 Dec 2019
  • Embattled Tewoo announces exchange, tender results

    Chinese state-owned commodities trader Tewoo Group has announced the final results of its offshore debt restructuring, with investors accepting losses on their principals or facing delayed repayments up to 2039.

    • 12 Dec 2019
  • Corrected: LGFV woes continue as Shangrao unexpectedly pulls deal

    Shangrao Investment Holding Group Co tried to brave the market with a three year bond on Tuesday despite a volatile start to the week for local government financing vehicles (LGFVs), but it ended up pulling the dollar transaction.

    • 11 Dec 2019
  • Veolia plans return to Panda market, mandates banks

    French company Veolia Environnement is set to return to the Panda bond market after more than a year away. It has mandated banks for its third outing in China’s debt market.

    • 11 Dec 2019
  • China needs to get going on TLAC bonds

    Crédit Agricole bagged a total loss-absorbing capacity eligible senior preferred Panda bond in China last week — the first of its kind onshore. But the confusion it created shines a light on a market that is still in dire need of education around these new structures. With Chinese banks set to come under pressure soon to issue their own TLAC-eligible bonds onshore, rapid change is needed before time runs out.

    • 10 Dec 2019