Bank of Communications

The Asian bond market woke up to a pair of Chinese investment grade credits on Tuesday with Bank of Communications Hong Kong and China Nonferrous Metal Mining looking to tie up their respective dollar deals.

Hong Kong’s Hsin Chong Construction Group managed to get a difficult $150m bond away this week, braving volatile markets with a two-day execution and private bank backing.

The Asia ex-Japan debt capital market was crowded with dollar issuers on January 13, with two investment grade bonds and two high yield notes opening in the morning.

Bank of Zhengzhou has raised HK$5.08bn ($656m) via its Hong Kong IPO after pricing at the floor of its range on Wednesday.

The South Korean government became the first sovereign credit to price a Panda bond on December 15. The country raised Rmb3bn ($467m) from the three year, which saw at least one offshore investor participating, sources close to the deal told GlobalCapital Asia’s sister publication, GlobalRMB.

Bank of Zhengzhou has signed on about six cornerstone investors to anchor the bulk of its HK$5.56bn ($717.42m) IPO in Hong Kong, as the leads look to kick off bookbuilding on a strong note.

For the third part of our annual awards, we cover Best Local Currency Bond, Best Securitization, Best High Yield Bond, Best Investment Grade Corporate Bond, Best Financial Bond, Best Sovereign Bond, Best Local Currency Bond House and Best G3 Bond House.

The South Korean government is planning to offer a three year Panda bond of up to Rmb3bn ($467m) on December 15 (Tuesday), sources close to the deal have told GlobalRMB. If the deal launches as scheduled, it will mark the very first Panda bond from a sovereign credit.

Bank of Zhengzhou started gauging investor appetite for its IPO of roughly $600m on December 7, as the last of the Chinese city commercial lenders prepares for a Hong Kong listing this year.

China Energy Engineering Corp’s HK$14bn ($1.81bn) Hong Kong IPO, which priced at the bottom of the range on Thursday, was comfortably covered even though retail investors failed to take up all the shares they were entitled to.

Chinese conglomerate HNA Group ventured into the dollar bond market on Thanksgiving and managed to raise $250m from a two times covered book.

Chinese pair Guangdong Rising Asset Management (GRAM) and HNA Group hit the dollar bond market on Wednesday as they look to wrap up their respective fundraisings ahead of the US Thanksgiving holiday.