China Construction Bank

China Securities (International) Finance Holding Company has opened books for its debut offshore bond, while Qingdao City Construction Investment (QCCI) is planning to issue a senior perp for its second international outing this year.

China Securities (International) Finance Holding Company has picked banks for a US dollar bond, boosting the appeal of the notes with a standby letter of credit from the Hong Kong branch of China Construction Bank.

In this round-up, Russian bank VTB tightens co-operation with China Development Bank, latest Hong Kong and Singapore deposit data, the Azeri state oil fund reports first holdings of RMB in its foreign currency reserves, and Bank of China and China Construction Bank H1 2015 reports highlight progress in cross-border RMB business.

Shanghai Pudong Development Bank Co (SPDB) is due to start roadshow for a proposed dollar bond this week.