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  • China’s Zhongyu Gas Holdings has launched a $300m refinancing loan into general syndication.
  • The People’s Bank of China said it will buy Rmb400bn ($56bn) of inclusive loans given by banks to small and micro enterprises. The move can spur the country’s lenders to boost new lending to small businesses by as much as Rmb1tr.
  • Chinese bond issuer Shandong Ruyi Technology Group is back in the spotlight after a local government financing vehicle (LGFV) pulled out of a planned Rmb3.5bn ($491m) purchase of the clothing company’s shares, putting pressure once again on its looming maturities.
  • China’s green market has taken a big leap forward with plans to cut clean coal from the list of projects eligible for green bond financing. The move is notable — but only if the country follows it up with more measures.
  • The board of directors at Mahindra and Mahindra Financial Services has approved plans for a potential Rp35bn ($463.5m) rights issue.
  • China’s Dada Nexus, an operator of on-demand retail and delivery platforms, has launched bookbuilding for its up to $280.5m US listing, according to a source familiar with the matter.
  • Moody’s Investors Service downgraded the government of India to Baa3 from Baa2 on Monday, triggering bonds from the country to widen in the secondary market.
  • The Ministry of Finance of the Lao PDR has returned to the loan market for a new financing of $50m.
  • Colombia may have arrived late to the coronavirus-era Latin American sovereign bond market party, but the wait paid off on Monday as the sovereign notched a dual tranche $2.5bn issue that included its lowest ever coupon on a long dated bond.
  • Mexican cement maker Cemex is likely to announce a new dollar bond first thing on Tuesday after holding investor calls on the same day Fitch downgraded the borrower and placed it on negative outlook.
  • Online game developer NetEase has begun bookbuilding for its long-awaited Hong Kong secondary offering. The company is aiming to raise around HK$21.6bn ($2.8bn).
  • Argentina said on Monday evening that a new proposal to creditors was imminent after the government again extended the participation deadline in its restructuring. Optimism continues to grow over the chances of an agreement — even as an IMF statement on the process triggered forthright responses from bondholders.