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Standard Chartered

  • BNP Paribas has hired a new loans banker in Singapore even as a senior executive leaves its southeast Asia originations unit, sources close to the move said.
  • Qatar National Bank (QNB) came back to the offshore renminbi market this week, just two months after its last syndicated CNH transaction. The issuer raised Rmb600m ($94m) on Wednesday by selling a three year note in Taiwan, after investors demonstrated demand for its renminbi debt.
  • Fosun Industrial Co has returned to the offshore market for a $550m three year senior term loan that will refinance debt taken on for an acquisition last year.
  • Ghana Cocoa Board (Cocobod) has announced the winning banking consortium for its annual trade finance facility, with Chinese banks making up two of the five top slots amid increased funding from the Asian country.
  • China Great Wall Asset Management Corp snapped up $600m from a five year bond on Thursday, a modest size compared to its last offshore outing.
  • Chao Li has resigned as head of Asia bond syndicate at Standard Chartered.
  • Two Qatari banks raised new debt in different formats on Thursday, proving that Qatari banks have a multitude of funding options available to them.
  • First Abu Dhabi Bank hit the Taiwanese market for a Rmb1.1bn ($172.69m) bond on Wednesday, just two months after its last Formosa deal.
  • Chao Li has resigned from his position as head of Asia bond syndicate at Standard Chartered.
  • China’s Goodbaby International Holdings, a developer of parenting products, is debuting in the offshore loan market with a $250m borrowing.
  • Perusahaan Listrik Negara (PLN) managed to navigate Indonesia’s challenging market backdrop successfully to seal a $2bn dual-tranche transaction on Tuesday.
  • Bank of China’s aircraft leasing arm BOC Aviation sold a rare seven year dollar-denominated floating rate note (FRN) on Monday to an overwhelming response. The deal has opened the door to other financial institutions in the region looking to extend their funding profiles in the format.