Bank of Communications

DBS Group Holdings and HSBC Holdings are wooing debt investors, with the former seeking a dollar senior deal, and the latter a Singapore dollar perpetual. The Export-Import Bank of China (Chexim) is also collecting bids for its fundraising.

The Export-Import Bank of China (Chexim) is set to hold investor calls for a euro fixed rate five year bond and a dollar floating rate three year. India’s Canara Bank, meanwhile, will meet accounts in Asia and Europe for its first dollar outing since 2013.

The Republic of the Maldives is selling its debut international bond, while ESR Cayman is looking to price a perpetual non call three year note on Wednesday.

Property developer Hong Yang Group Company is marketing its inaugural international bond, while Chinese private telecommunications operator Dr Peng Telecom & Media Group Co is set to hold a conference call with investors on Tuesday for a dollar deal.

The Republic of the Maldives is looking to raise $200m from its debut international bond this year. Market watchers reckon the planned deal falls in line with China’s Belt and Road initiative, mirroring Sri Lanka’s choice earlier this month to hire Chinese banks for its dollar trade. Morgan Davis reports.

Melco Resorts Finance is set to go on a global roadshow for an eight year bond to redeem its outstanding 2021s, as China’s Hong Yang Group Company and Indonesia’s Soechi Lines also prepare investors for new deals.

Bank of Communications’ investment banking arm has scooped up HK$1.8bn ($231.2m) from its IPO, pricing near the bottom of guidance to ensure a quality book.

BoCom International Holdings Co has covered its HK$2.1bn ($265.6m) IPO after opening books last Friday with a strong cornerstone base, according to a banker on the deal.

Bank of Communications Hong Kong sealed a $1bn deal across two floating rate tranches on Monday, continuing issuers’ trend of favouring the structure.

The Asian G3 debt market opened on Monday with two deals from financial names and a mandate, in addition to two launches from corporates, following the positive sentiment overnight from the French presidential election.

BoCom International Holdings Co has opened books for its HK$2.1bn ($265.6m) IPO in Hong Kong via a 14 member syndicate, with nearly a third of the shares snapped up by cornerstone investors.

Swissport has announced a technical default on several of its senior debt facilities, after “becoming aware” that its owner, HNA, the Chinese private equity group, had pledged shares in it as collateral for another loan.