Bank of Communications

Bank of Communications (BoCom) has become the second credit card ABS originator in China after completing a Rmb5bn ($790m) trade backed by instalment payments this week.

China International Capital Corp, which brought in 11 joint global co-ordinators for its Hong Kong IPO, has priced the deal at the top of the range to raise HK$6.29bn ($812m).

In a rare move, China International Capital Corp (CICC) has named all 11 banks working on its HK$6.29bn ($811.61m) high-profile Hong Kong IPO as joint global co-ordinators. But instead of sparking a turf war among its syndicate, the move has won praise from bankers on the trade. John Loh reports.

Beijing Automotive Group (BAIC) has priced the second euro-denominated bond by a Chinese auto company, following a recent issue from one of its peers. Seven firms in total were hired as joint global co-ordinators for the €500m ($552m) deal after the issuer added five more banks to the syndicate to reward them for placing anchor orders.

China’s growing securitization market is set for another boost with Bank of Communications (BoCom) poised to become the country’s second issuer of credit card ABS.

Beijing Automotive Group (BAIC) has priced the second euro-denominated bond by a Chinese auto company, following a recent issue from one of its peers. A total of seven firms were hired as joint global co-ordinators for the €500m ($552m) deal after the issuer added five more banks to the syndicate to reward them for placing anchor orders.

Beijing Automotive Group (BAIC) and Rizal Commercial Banking Corp (RCBC) are venturing into the international debt market, opening books for their respective euro and dollar bonds.

The Republic of Korea has picked six banks for a bond that will include the first renminbi-denominated trade from the sovereign. The RMB portion is highly likely to be issued offshore but there’s also a possibility that the country will attempt to enter the recently reopened Panda market.

Taiwanese company Quanta Computer has selected banks to lead its latest $400m borrowing.

Hengtou Securities priced its HK$1.54bn ($198.32m) IPO at the wide end of guidance on October 8, with support coming mostly from Hong Kong and Chinese investors.

Hengtou Securities has covered books for its HK$1.69bn ($218.07m) IPO in Hong Kong, with the leads looking to close and price the trade slightly earlier than scheduled.

Dongfeng Motor Group is set to meet investors ahead of what will be its first offshore bond. The company has opted for a euro deal as it aims to use proceeds to pay back part of a bridge loan in that currency.