GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

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Bank of China

  • Casino developer Wynn Macau has made a rapid return to the bond market for an $850m deal, riding on an uplift in sentiment following the slow easing of travel restrictions to the Asian gambling hub.
  • South Africa’s Standard Bank is set to raise a syndicated loan by the end of the month, which, according to market sources, will be provided by Chinese banks. But bankers say the pipeline for syndicated loans in Africa and the Middle East remains nearly empty, as both lenders and borrowers continue to feel the impact of the Covid-19 pandemic.
  • ICBC Financial Leasing Co chose price over size for its first outing to the dollar bond market this year, but still managed to raise a larger-than-expected $900m.
  • Chinese local government financing vehicle (LGFV) Shandong Guohui Investment Co used its leasing arm to return offshore for $200m on Wednesday.
  • China Great Wall Asset Management Co reopened bond supply from the country's bad debt managers this week with a tightly priced $500m deal.
  • Agricultural Development Bank of China’s Rmb4.3bn ($618m) dim sum bond this week brought in a record number of investors from outside of Asia, a senior treasury official told GlobalCapital China.
  • CMB Financial Leasing Co returned with five year and 10 year dual-tranche bonds on Wednesday, selling the first decade bond from a Chinese FIG credit in more than a month as costs for longer-dated notes fall.
  • Chinese local government financing vehicle (LGFV) Yiwu State-owned Capital Operation Co replicated its peers’ recent bond pricing success, to raise $500m with a 65bp price tightening during bookbuilding.
  • Agricultural Development Bank of China raised Rmb4.3bn ($618m) from its second dim sum outing this year. Thanks to strong support from Chinese banks, the offshore renminbi bond market offered the issuer clear pricing advantages over the onshore market.
  • Everbright Water got its second attempt at a Panda bond past the finish line this week, two months after pulling a deal due to poor liquidity and climbing yields.
  • HKR International, a conglomerate with operations in property development and healthcare, has turned to the loan market after five years for a HK$3.35bn ($432m) facility.
  • State Grid Corp of China, the world’s largest utility company, raised the equivalent of around $3.3bn from a four-tranche dollar and euro deal on Wednesday.