Standard Chartered

Red chip property developer Joy City has hit the Panda bond market for the first time, raising Rmb1bn ($153.1m) from a three year bond on September 5. Although the deal was small in size, it caught the attention of some Bond Connect investors thanks to the issuer’s reputation.

India’s HT Global IT Solutions Holdings is returning to the dollar market for a tap of its debut notes sold last summer.

KEB Hana Bank sold its first dollar Formosa bond and only its second floating rate note post its merger on Thursday, raking in $350m. Ample liquidity in Taiwan and investors’ hunt for offshore assets buoyed the transaction.

Sun Hung Kai & Co set a personal record this week, selling its largest dollar bond at its lowest coupon as private banks flocked to the unrated Hong Kong financial company.

Banks are making efforts to boost their sponsor coverage in Asia, responding to the growing prominence of private equity funds in the region and a shift in business ownership to a younger generation that is more open to selling stakes. Shruti Chaturvedi reports.

HSBC India IB head leaves — StanChart brings Goldman banker out of retirement — CS hires Apac fixed income head — MUFG staffs up in India — SocGen creates FIC role

South Korean retail giant Lotte Shopping Co snapped up $300m on Wednesday from its first bond in five years, defying geopolitical tensions and negative headlines around the Lotte Group to price at a tight spread.

KEB Hana Bank is selling its first-ever US dollar-denominated, dual-listed Formosa bond on Thursday, taking bids for floating rate bond with a five year tenor.

Hong Kong financial investment firm Sun Hung Kai & Co is in the market with a guaranteed Reg S dollar bond, to be issued by a wholly-owned subsidiary.

Volkswagen Finance (China) is preparing to hit the securitization market for the second time this year, only three months after its last transaction. But while the new deal retains some of the key features from VW’s last one, it will be notably smaller, raising only Rmb3.66bn ($554m).

Indian company Srei Equipment Finance is seeking an up to $150m five year loan from the offshore market.

The Hong Kong subsidiary of Lotte Shopping Co, the retail unit of South Korea’s Lotte Group, kicked open the quiet primary bond market on Wednesday with its first dollar outing in five years.