China Development Bank

China Development Bank has made a rare visit to the public Hong Kong dollar bond market, raising HK$4.3bn ($548m) from a triple-tranche floating rate transaction that included a 10 times covered decade-long note.

Haitong International Securities has returned to the loan market for a HK$13.8bn ($1.7bn) refinancing led by a 16-strong group of mandated lead arrangers and bookrunners.

Hong Kong Airlines is set to provide the year’s first test case of the strength of the Asian debt market as investors lose faith in the carrier’s ability to repay a $550m bond due in just over two weeks.

Policy lender China Development Bank printed a dual-currency, three-tranche transaction on Tuesday, raising $2.4bn-equivalent. While it paid just a couple of basis points of new issue premium for the dollar bonds amid a short-lived market rally, demand for the euro portion exceeded expectations.

Government-backed energy firm Beijing Enterprises Clean Energy (BECE) is marketing its first Panda, a Rmb1.2bn ($173m) renewable corporate bond, as a green bond.

China Development Bank Financial Leasing Co (CDB Leasing) raised $400m through its aviation leasing arm on Thursday, paying around 10bp of new issue premium for a three year floating rate note.

Shenzhen International Holdings is set to issue its second Panda bond, seeking an ambitious Rmb4.7bn ($678m). Regular issuer GLP is also planning a comeback.

South Africa’s Democratic Alliance (DA) has sent a freedom of information (FOI) request for full terms of a $2.5bn-equivalent loan from China to utility Eskom, with the official opposition party fearing a potential loss of ownership of the company to its Asian creditors.

Lukewarm demand for recent floating rate notes, and their underperformance in the secondary market, has raised a key question for Asian issuers: are investors falling out of love with dollar floaters? Morgan Davis finds out.

Russia’s VEB has signed an agreement with China Development Bank that could see the Chinese state run lender provide up to $9.8bn-equivalent in loans to finance joint projects between the two institutions.

China National BlueStar (Group) Co, a subsidiary of China National Chemical Corp, has launched a $500m loan into general syndication, three months after its parent sealed a $5.5bn senior secured facility.

China Development Bank has dashed the hopes of bidders for a $1bn loan to the Sri Lankan sovereign, clinching the mandate on a sole basis by offering an eight year facility, writes Pan Yue.