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  • Shaanxi LGFV raises $120m for upcoming refi

    Shaanxi LGFV raises $120m for upcoming refi

    Shaanxi Xixian New Area Fengxi New City Development and Construction (Group) Co, a lower-tier Chinese local government financing vehicle (LGFV), has raised $120m in the bond market ahead of a December maturity.

  • Dollar defaulter Huachen skips coupon for third time

    Dollar defaulter Huachen skips coupon for third time

    Chinese dollar bond defaulter Huachen Energy missed another coupon this week, after two late interest payments in November 2018 and May this year due to a liquidity crisis at its onshore parent, Wintime Energy.

  • Jiangsu LGFV duo seal unrated dollar deals

    Jiangsu LGFV duo seal unrated dollar deals

    Two unrated Chinese local government financing vehicles (LGFVs), Danyang Investment Group Co and Zhenjiang Cultural Tourism Industry Group Co, came to the dollar market last Friday for a combined $435m.

  • State-owned Chalieco, SEC price amid HK chaos

    State-owned Chalieco, SEC price amid HK chaos

    China Aluminum International Engineering Corp (Chalieco) raised $350m from a senior perpetual bond after closing the order book much earlier than usual. Shanghai Electric (Group) Corp made a rare visit to the dollar market.

  • CDB goes global for onshore green bond

    CDB goes global for onshore green bond

    China Development Bank hired a dozen foreign banks for its latest green bond, raising Rmb10bn ($1.4bn) from a domestic market deal that attracted major offshore demand. Rebecca Feng reports.

  • Debt bankers change tactics as HK turmoil rages

    Debt bankers change tactics as HK turmoil rages

    Asian debt bankers were forced to react to a tumultuous week of protests in Hong Kong, cutting short the bookbuilding window for new deals. But although bankers had to change tactics, the market largely endured the turmoil. Addison Gong reports.

  • Volkswagen prices come-back deal tightly

    Volkswagen prices come-back deal tightly

    Volkswagen Finance (China) has returned to the Chinese auto loan ABS market after a two-year break. The company priced the senior tranche of its Rmb5.97bn ($851) deal at the lower end of guidance.

  • Nanyang lands tier two bond despite turmoil

    Nanyang lands tier two bond despite turmoil

    Investors looked beyond Nanyang Commercial Bank's Hong Kong home to its Chinese parent this week, allowing the borrower to close a $700m Basel III-compliant tier two subordinated deal, despite the protests happening in the city.

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