Standard Chartered

Country Garden seeks second borrowing in six months – UAF taps two banks for HK$1.6bn – Deutsche arranges $190m for Shangshi – Pakistan sovereign deal open – Malakoff woos banks to refi – IRFC pulls into Samurai market

Standard Chartered debut sustainability bond was nearly seven times subscribed this week after socially responsible investors embraced a deal that gave opportunities to make impacts in emerging, rather than developed, markets.

Investors embraced the duration offered by Adani Ports and Special Economic Zone this week, snapping up its $750m trade and pushing the order book to a hefty peak of $4.5bn.

Sean Hanafin has moved to supply chain finance firm Greensill as vice-chair.

United Asia Finance, a personal loan provider in Hong Kong, is seeking a HK$1.6bn ($205m) borrowing in syndication.

Standard Chartered raised S$750m ($554m) from a Basel III-compliant additional tier one deal on Tuesday, boosting its capital ratio after a consolidation of its operations in Singapore this year. The bank’s strong Asia links helped it achieve better funding arbitrage compared to some of its European peers.

The Democratic Socialist Republic of Sri Lanka made a quick return to the dollar market on Monday, raising $2bn just a few months after sealing a larger $2.4bn offering.

Fosun International has raised a larger-than-expected $700m to help fund a tender offer that will close next week, while Kaisa Group Holdings was in and out of the market with a $500m tap of two existing bonds.

Standard Chartered is expected to launch its first sustainability bond on Tuesday, having picked banks to arrange a deal that will mark its first entry into the public euro market since September 2017.

Investors swarmed Philippine National Bank’s (PNB) $750m bond sale, as they sought out diversity in a market overrun with Chinese paper.

SriLankan Airlines made a triumphant return to the dollar market on Thursday, pricing a $175m bond on the back of a $1bn order book.

Chinese local government financing vehicles (LGFVs) and property developers took advantage of positive sentiment after dovish comments from the Federal Reserve to flood the offshore market with bonds.