Standard Chartered
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China Construction Bank, the largest originator of Chinese RMBS, wrapped up a Rmb11.52bn ($1.64bn) four tranche deal on Wednesday. It was just the latest of a regular series of mortgage-backed deals from the bank — but this time, it doubled-down on marketing to foreign investors.
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Oil and Natural Gas Corp (ONGC), the largest crude oil and natural gas company in India, tussled with bond investors during marketing for its latest dollar deal this week. Investors pushed back against ONGC’s demanding terms and forced a last-minute flip-flop over a change of control clause. Morgan Davis reports.
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Islamic Development Bank took €1bn out of the euro market on Wednesday, as it made its green sukuk debut with investors.
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China deepened its dollar debt curve on Tuesday with a $6bn jumbo bond. With its biggest dollar deal yet, the sovereign has set a new benchmark for issuers from the country.
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Ant Financial, an affiliate of Chinese e-commerce giant Alibaba Group Holding, has launched a $3.5bn three year loan into syndication, after closing an amendment and extension of an old borrowing.
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The People's Republic of China is planning to raise around $6bn from its return to the dollar bond market on Tuesday.
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China Construction Bank, the largest originator in the Chinese RMBS market, is planning to launch a Rmb11.52bn internationally rated four tranche deal next Wednesday. It will include ratings from S&P Global Ratings and, for the first time, its local subsidiary.
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United Overseas Bank (China), a wholly-owned subsidiary of Singapore’s UOB, raised Rmb1bn ($142m) of tier two capital this week, becoming the first issuer in China’s domestic market to obtain an international rating for a subordinated deal. That proved crucial to driving demand, writes Rebecca Feng.
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Vicky He rejoins CS — SG adds to Greater China team — Nomura promotes Tiwaari — UBS Apac ECM vice-chairman leaves — Sternby returns to UBS
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Beijing Infrastructure Investment Co has returned to the dim sum bond market after a five year break. The tightly priced Rmb1bn ($142m) deal was the first from an investment grade state-owned corporate issuer in the CNH market this year.
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The Republic of Angola printed a $3bn two tranche trade on Tuesday with no new issue premium, waving off any concerns that investors might be wary of a borrower in a complicated economic situation.
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United Overseas Bank (China), a wholly-owned subsidiary of Singapore’s UOB, sealed a Rmb1bn ($142m) 10 non-call five year subordinated bond on Monday. The trade was the first internationally rated tier-two capital bond in the Mainland debt market.