Standard Chartered
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China Huarong Asset Management Co priced an almost $3.4bn five tranche bond in two currencies on Tuesday, restarting supply from Chinese financial institutions after the sovereign repriced the curve last week. -
Standard Chartered has made changes to its top ranks in Asia, giving some bankers additional responsibilities.
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Standard Chartered Bank has relocated one of its DCM bankers to Dubai.
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Standard Chartered has added a debt capital markets banker with over 10 years of experience to its team in Hong Kong, bolstering the Greater China business.
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China Jinmao Holdings Group priced its third perpetual bond of the year on Monday, raising $300m from a subordinated deal that will mainly be used to repay bank loans.
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China Huarong Asset Management Co started taking bids for a five tranche, dual-currency bond on Tuesday morning. It wants to become the first Chinese financial institution to sell offshore bonds after the sovereign tightened the curve with a landmark deal last week.
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South Africa’s FirstRand Bank has successfully completed its Asian-bank focused syndication for $540m, an increase from its launch amount of $250m.
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Fibabanka has shelved plans for an inaugural senior dollar bond despite signs of a recovery in Turkish bank paper.
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Wanda Holding Group has picked the lead manager for its dollar-denominated Reg S bond, and is meeting investors in Hong Kong on Monday. Tianqi Lithium, meanwhile, is looking to raise $300m from an offshore bond.
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China Jinmao Holdings Group was back in the market on Monday morning with its third perpetual deal of the year, this time approaching investors with a subordinated structure.
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The Asian bond market opened with elation on Friday, following China’s blockbuster dollar transaction on Thursday that reset the curves not only of Chinese issuers, but for the rest of Asia as well.
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China Huarong Asset Management Co is gearing up a return to the offshore bond market for the third time this year. The mandate came right as China completed its first international bond in over a decade achieving a oversubscription of over 10 times.
