Taiwan

Renminbi bonds in Taiwan had a spectacular run for most of last year. But a new age of renminbi volatility combined with weaker regulatory momentum has put the market on hold in 2016. Nevertheless market participants agree that the renminbi promise remains an enticing one. Paolo Danese reports.

In this round-up, Chinese regulators have further delayed any expansion of the qualified domestic institutional investor, Vanguard has completed its transition to a FTSE index that includes A-shares, and Malaysia’s new payment system adds support for RMB debt securities. Plus, a recap of GlobalRMB’s coverage this week.

Banco CorpBanca Colombia is holding a roadshow in Taiwan alongside the US for a $200m two year syndicated loan.

Hon Hai Precision Industry sealed $1bn from a dual-tranche offering, seizing what is thought to be the last good window before the Fed’s decision on a September rate hike.

Taiwanese electronics company Foxconn (Far East) has set its sights on a dual-tranche dollar offering, launching the bond on Wednesday morning in Asia.

The Central American Bank for Economic Integration (Cabei) found plenty of suitors in the Formosa bond market, sealing a Rmb1bn ($150m) offering on Friday, its second deal in a week.

The Central American Bank for Economic Integration (Cabei) ventured into Taiwan’s Formosa bond market for the third consecutive year, raising Rmb700m ($105m) from a three year note.

Four banks have launched a $250m syndicated loan for Taiwanese notebook casings maker Ju Teng International.

Australia and New Zealand Bank has appointed Raymond Yeung as chief economist for Greater China, which will see him leading the bank’s research team providing macroeconomic analysis for the region.

Cement producer TCC International Holdings has decided to increase the size of its five year fundraising to $540m from $450m, exercising the full greenshoe.

Chailease International Financial Service has upped its three year revolving facility to $195m from an initial size of $130m after some 20 lenders joined during general syndication, sources said.

Sunshine 100 China Holdings hauled a $200m convertible bond over the line on July 28, enticing investors with one of the highest yields on equity-linked debt in the region this year.