Bank of China

Hutchison Port Holdings Trust seized the market window immediately after the Federal Open Market Committee meeting to sell a $500m five year bond on Thursday.

The People’s Republic of China has caused a stir among DCM bankers in Asia and Europe with plans to return to the euro bond market for the first time since 2004. While expectations on opposite sides of the world are starkly different, what is clear is that the sovereign’s deal will be less about the pricing itself and more about making a statement. Addison Gong and Burhan Khadbai report.

Agricultural Development Bank of China, one of three Chinese policy banks, bagged Rmb5.5bn ($781m) from a popular dual-tranche offshore renminbi bond on Wednesday, adding some life to the moribund dim sum market. Rebecca Feng reports.

Indonesian power company Perusahaan Listrik Negara has closed its $1bn five year loan, attracting eight participants during syndication.

Rusal has signed the first internationally syndicated sustainability-linked loan from Russia. The heavily oversubscribed facility is part of a slowly growing shift towards green financing in Russia, said bankers.

Crédit Agricole is planning to sell its first Panda bond in late November, according to two sources. It will be the maiden renminbi-denominated bond to be sold in China by a French bank and the first syndicated Panda from the European country.

CNI Capital, a wholly-owned subsidiary of state-owned China National Nuclear Corp, sold a Rmb1bn ($141m) three year dim sum bond on Thursday. The pricing of the unrated offshore renminbi deal was tighter than expected, said bankers.

China Huarong Financial Leasing Co and two local government financing vehicles (LGFVs) based in the coastal province of Jiangsu came to the offshore bond market to raise $300m each.

BMW Finance returned to the Panda bond market with a Rmb3bn ($424m) dual-tranche private placement note. It was the company's third outing this year, but this time the German automaker substituted the three year tranche with a two year note.

Avic International Leasing Co followed the success of Chinese National Travel Service Group Corp's bond this week, raising $200m from its own aggressively-priced perpetual note on Thursday.

Citic Securities Co returned to the offshore market with a $700m dual-tranche transaction. The deal included a five year bond, a rarity from a Chinese securities house in recent years.

China Construction Bank returned to the international bond market on Tuesday, turning to dollar and euro investors with two separately-executed deals worth a combined $1.551 billion.