China Construction Bank

Shenzhen-listed Changjiang Securities Co is planning to list its offshore arm in Hong Kong, having gained China Securities Regulatory Commission approval.

LVGEM (China) Real Estate Investment Co grabbed $225m on Tuesday from its debut deal, taking measures to mitigate any fears of failure by securely anchoring the deal.

LVGEM (China) Real Estate Investment Company and HNA Group company Tianjin Tianhai Investment Co are wooing buy-side accounts. The former opened books for its debut on Tuesday and the latter is understood to be holding investor meetings.

China Chengtong Holdings Group priced its inaugural $500m bond on Tuesday, hitting the market as it transitions under a pilot programme for state-owned enterprises. Investors debated fair value for an unrated credit that is somewhere between a corporate and a financial, reports Morgan Davis.

LVGEM (China) Real Estate Investment Company is preparing its first international bond, mandating eight banks to work on the transaction.

China Chengtong Holdings Group debuted in the debt market on Tuesday, sealing a tight $500m deal as the state-owned operating company transitions to a new entity. But its foray wasn’t without questions, as bankers and investors debated the unrated credit’s status as a corporate or a financial.

China Chengtong Holdings Group, a pilot state-owned operating company, is offering investors a taste of its inaugural deal, launching a five year bullet on Tuesday.

First-time issuers China Chengtong Holdings Group and China Logistics Property Holdings Co are preparing for their dollar fundraisings, tapping banks to lead their respective offerings.

China Resources Land returned to the Panda market with the biggest deal this year, raising Rmb5bn ($740.9m) from a dual-tranche bond on Monday. CR Land sealed the deal just four days after rival Longfor Properties’ debut and faced similar pressure from investors to prioritise its shorter term notes.

Greentown China Holdings made a rare visit to the debt market, selling a senior perpetual bond on Tuesday. The transaction saw blow-out demand of about $6bn for the $450m deal, allowing the leads to slice pricing by 37.5bp from initial guidance.

Greentown China Holdings snapped up $450m from a hugely popular senior perpetual transaction on Tuesday, while Central China Real Estate became the latest issuer to sell bonds with a tenor less than one year.

Zhongyuan Bank priced its Hong Kong IPO near the bottom of guidance on Wednesday, raising HK$8.1bn ($1.0bn).