Standard Chartered

Right Lane, a subsidiary of Chinese conglomerate Legend Holdings, has approached the loan market for a $350m borrowing.

It was a year of opposite fates for Panda and dim sum bonds in 2016 with the former reaching record heights and the latter pretty much left on the sidelines. In our first outlook piece of the year, GlobalRMB reached out to several experts to get their thoughts on what the future holds for both asset classes.

Bharat PetroResources has become the first Indian issuer to set out plans for a dollar outing this year, with roadshows due to wrap up early next week. With the Chinese New Year holidays expected to keep many mainland issuers at bay, DCM bankers said Indian firms will make up some of the shortfall. Morgan Davis and Addison Gong report.

Invitations are out for a $1.8bn Asian loan that will refinance a US term loan B for Novelis. The launch comes about a month after the firm mandated 10 lenders to arrange the borrowing.

Middle Eastern issuance is set to begin for the year with Gulf International Bank, which is looking to refinance a $500m bond due in December. The issuer is expected to be the first of many hoping to lock in funding before the next US rate hike pushes up borrowing costs.

Automobile parts maker Zhongding Hong Kong is back in the loans market after a year and a half for a €150m ($156.6m) three year facility.

BPRL International Singapore (BPRL) is starting the New Year in pursuit of a dollar bond, hiring banks for a roadshow.

Chinese property developer Modern Land (China) Co and textile producer Shandong Ruyi Technology Group Co priced their respective taps at the end of last week, taking advantage of regulatory approvals that expired at the year end.

Chinese property developer Cifi Holdings (Group) Co has raised $530m from a multi-currency club loan.

Wanda Commercial Properties Hong Kong is due to sign a syndicated loan facility at $487.5m, slightly lower than the launch size of $500m. But a few more banks that were unable to make the deadline are expected to come in later, which will allow the company to boost the deal size.

A subsidiary of Malaysian telecommunications company Axiata Group has expanded the bookrunner group of a $400m loan, which was overhauled and boosted from the original $100m in November.

Shui On Development Holding has increased the size of its fundraising to the equivalent of about $550m from $300m, following an oversubscription from 15 banks.