Bank of Communications

China Huarong Asset Management Co sold a $3.4bn-equivalent six-tranche bond in US dollars and Singapore dollars on April 20. The transaction featured many firsts for the issuer, and was part of its efforts to normalise its debt curve.

China Huarong Asset Management Co on Thursday concluded a $3.4bn-equivalent six-tranche offering featuring US dollars and Singapore dollars. The transaction broke new ground for the issuer, and the company is one step closer in narrowing the gap between its curve and that of some of its Chinese peers.

CMB Financial Leasing launched a $350m bullet into general syndication last week, even as Minsheng Financial Leasing wrapped up an increased fundraising of $335m.

China Everbright Greentech opened books for its HK$3.3bn ($424.5m) IPO this week, while BoCom International Holdings began premarketing a potential $300m Hong Kong IPO, and China’s Zhongyuan Bank Co also laid out plans to list in the city.

China Huarong International Holdings began marketing a four tranche dollar deal on Thursday morning, including two floating rate notes.

State Grid Corporation of China, China Huarong Asset Management Co and State Development & Investment Corporation have mandated banks for new bonds, with the latter making its debut in the international market.

Aluminum Corp of China, Peking University Founder Group, Beijing Enterprises Holdings and Singapore’s Oxley Holdings all walked away with new bonds on Wednesday, wrapping up a blockbuster issuance week ahead of Easter.

CMB Financial Leasing is in the market for a $350m bullet that launched via three leads on Thursday, according to a banker arranging the deal.

Lianyungang Port Group and property developer Golden Wheel Tiandi Holdings Company raised a combined $500m on Tuesday, wrapping up their fundraisings ahead of Easter.

Bank of Communications, which is planning to spin off its investment banking arm BoCom International Holdings, has set the deadline for recording the share entitlement of existing shareholders.

Asia’s primary DCM market is busy on Tuesday ahead of the long Easter weekend, with Lianyungang Port Group, China Oil and Gas Group, Yida China Holdings and Golden Wheel Tiandi Holdings Company opening books for their respective dollar bonds.

Bank of China, CCB Life Insurance and Citic Securities kicked off investor meetings and calls this week, in pursuit of Reg S deals.