DBS

Chinese borrowers continued to find strong response for their dollar bonds on Wednesday, despite the Covid-19 virus outbreak plaguing the country.

Singapore-listed Prime US Real Estate Investment Trust (Reit) is looking to raise at least $100m from the placement of new units to equity investors.

Trans Retail Indonesia, also known as Carrefour Indonesia, has launched a dual-currency deal into general syndication, opting for a slightly different approach to paying participation fees to lenders.

ONGC Videsh (OVL), the international arm of Indian state-owned Oil and Natural Gas Corp, has mandated nine banks for a $1bn loan.

Chinese ship financing company CSSC (Hong Kong) Shipping Co took advantage of the risk-on sentiment in the market on Thursday to take home an $800m dual-tranche bond.

Investors rushed to Indian company Adani Electricity Mumbai's (AEML) bond on Wednesday, flooding the $1bn deal with orders that reached more than $6bn at their peak.

Central China Real Estate manoeuvred its way around China’s offshore bond issuance regulations on Wednesday by marketing a sub-one year note. The deal made Central China the first mainland property company to sell a bond in the wake of the coronavirus volatility.

Shangri-La Asia raised S$250m ($185.3) from the Singapore dollar bond market on Tuesday, after seeing an opportunity for unrated issuers in the city.

Trans Retail Indonesia, previously known as Carrefour Indonesia, and textile firm Sri Rejeki Isman (Sritex) have both mandated banks for new loans.

Sun Hung Kai Properties took advantage of a favourable market backdrop and solid aftermarket performance of its latest dollar bond to return with a tap just four days after the original transaction was priced.

Four Chinese borrowers hit the dollar bond market on Thursday, competing with supply from India, Indonesia and the Philippines.

Indonesia's Medco Energi Internasional and Bayan Resources raised more than $1bn between them from ultra-tight bonds on Thursday.