China Minsheng Banking Corp

China Minsheng Banking Corp grabbed the market’s attention on Wednesday, raising the maximum amount it had approval for with its debut additional tier one note, and getting away with little new issue premium.

China Minsheng Banking Corp is set to debut in the dollar bank capital market, launching its deal on Wednesday morning in a week otherwise filled with trades from local government financing vehicles (LGFVs).

China Minsheng Banking Corp is looking to sell its inaugural Basel III bank capital offering, having picked banks to prepare a dollar-denominated additional tier one (AT1) bond.

Asia ex-Japan debt capital markets had a quiet opening on Monday, with a sole Chinese local government financing vehicle (LGFV) out for dollar funding. On the same day, another two LGFVs announced mandates.

Three Chinese corporates hit the debt market on Thursday on a busy day of issuance in Asia. Beijing Capital Development Holdings (Group), Golden Wheel Tiandi Holdings Company and a financing vehicle from Guangxi raised a combined $900m from deals.

Fixed income investors have plenty supply to choose from out of Asia with seven issuers venturing out on Thursday. Corporates joining the fray included property companies Shokai Group and Golden Wheel as well as Guangxi LGFV and Hong Kong’s Li & Fung.

Beijing Capital Development Holdings (Group) Co,also known as Shokai Group, is preparing for a dollar-denominated bond.

China Great Wall International Holdings III and Bank of Communications Financial Leasing Co are preparing to hit the road for their respective senior unsecured dollar offerings.

China Minsheng Hong Kong International Leasing is planning to raise at least $300m from its latest loan, more than the initial $200m, after receiving a good response during general syndication.

Dalian Wanda Group Corp is expected to begin gauging demand for a $600m borrowing next week that help to fund the development of a tower project in Chicago, said sources.

China Minsheng Hong Kong International Leasing’s $200m new money loan, which is due to close by the middle of this month, has obtained commitments from three banks on top of the leads.

China Huarong Asset Management is preparing to return to the debt market, mandating firms for a perpetual Reg S offering.