Bank of China

Bank of China sold another blockbuster Belt and Road transaction on Wednesday, raising $3.8bn across eight tranches of notes in five currencies across five bank branches, It was the largest transaction sold under the BRI label.

Three Chinese property companies battled in the primary market on Monday with competing supply. While high yield issuers have been able to sell bonds at ultra-tight prices of late, the weight of supply has started to force issuer’s to pay more to borrow.

CPI Property Group hit screens on Monday, announcing a call to promote a new subordinated euro bond.

China’s Jiuquan Iron & Steel (Group) Co, or Jisco for short, was able to find enough demand on Tuesday to cover its first international bond — a deal months in the making — raising $300m.

Sino Biopharmaceutical has increased its refinancing loan to $1bn after receiving a strong response during syndication.

Singapore’s Frasers Property has closed a S$785m ($581m) green loan, the second green borrowing in six months.

China National Travel Service Group Corp made a rare visit to the to the bond market, raising $500m from a deal that was priced inside fair value and continued to grind tighter in the secondary market on the first day of trading.

United Overseas Bank (UOB) became the first Singaporean issuer to sell a Panda bond this week, raising Rmb2bn ($298m) from a three year deal. Rebecca Feng reports.

China’s state-owned ‘bad debt’ managers are making a comeback in the offshore market, after a rally in the sector. China Orient Asset Management Co this week became the second in a month to price bonds and there are more deals on the way. Addison Gong reports.

China’s industrial gas supplier Yingde Gases Group has launched a $300m borrowing into general syndication.

United Overseas Bank has made its first appearance in the Panda bond market, selling a Rmb2bn ($297.8m) three year deal.

Fosun International has returned to the offshore loan market with a $300m dual-currency borrowing.