China Merchants Securities Co

China's Evergrande Real Estate Group started bookbuilding for a new 2019 offering with a fixed price on January 11. The deal comes amid Moody's announcement that it has downgraded the issuer and its debt because of increased financial risk.

Hsin Chong Construction Group is meeting fixed income investors to gauge interest for what would be its second dollar bond.

Ford Auto Finance (China) executed its second auto ABS of the year this week, raising Rmb2.99bn ($467m) with Fuyuan 2015-2 Retail Auto Mortgage Securitization. The amount raised was similar to its last outing in February, but Ford was able to cut its funding costs by an impressive 140bp.

Ford Auto Finance (China) is preparing for what is set to be the last auto ABS from China this year with the Rmb2.99bn ($469m) Fuyuan 2015-2 Retail Auto Mortgage Securitization due to go live on December 7.

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.

CMS loses deputy CEO in HK — Deutsche ECM banker quits — Moss makes DCM return at Nomura

Hsin Chong Construction Group has ended the two-month lull in the equity-linked market with a $100m convertible bond led by China Merchants Securities, marking the bank’s first solo mandate for a deal in this asset class.

Daniel Ng, one of China Merchants Securities’ (CMS) most senior bankers and a veteran of the Hong Kong and China capital markets, is understood to have left the firm recently.

Beijing Environment Sanitation Engineering Group (BESG) wasted little time with its inaugural international bond, wrapping up a euro-denominated deal before European investors were even able to get a look at it.

Primary bond activity in Asia picked up again on Thursday following the end of the meeting of the Federal Open Market Committee (FOMC), with a pair of Chinese issuers launching separate deals in dollars and euros.

Beijing Environment Sanitation Engineering Group Co (BESG) has mandated banks ahead of launching a roadshow next week in Asia and Europe.