Hong Kong dollar

The European Investment Bank (EIB) tapped South African rand twice this week, amid rising yields in the currency. Elsewhere, the International Finance Corporation (IFC) and World Bank both sold three lots of offshore renminbi, and Nordic Investment Bank (NIB) returned to Hong Kong dollars.

Hong Kong-listed China Tian Lun Gas Holdings has enlisted two lenders to arrange a HK$1.25bn ($160m) five year loan, invitations for which were sent out this week.

Far East Horizon has returned to the international loan market after a gap of two years for a $500m deal, and is paying a margin that is about half of what it offered last time.

A HK$2bn ($256m) three year maiden loan for China Forestry Group Corp has been received warmly by international banks, resulting in a huge oversubscription, said a banker.

I Squared Capital’s $900m-equivalent Hong Kong dollar loan backing its acquisition of Hutchison Global Communications (HGC) pulled in more than 20 banks during senior syndication, with more expected to join before the deal wraps up this week.

Samson Paper raised HK$780m ($100m) from its latest outing to the syndicated loan market, with strong demand lifting the deal from an initial size of HK$570m.

Kingboard Chemical Holdings is tapping banks for a HK$5bn ($641m) four year borrowing, after a two year hiatus from the loan syndication market.

Hong Kong’s Sun Hung Kai Financial had a rousing welcome to its debut in the offshore loan market, raising HK$4.5bn ($576m) versus the HK$1bn it had initially sought.

Huarong International Financial Holdings is in the market with a HK$3bn ($383m) two-tranche offshore financing led by a pair of Taiwanese lenders.

Chow Tai Fook Enterprises (CTFE) has rolled out a HK$17bn ($2.17bn) loan for its acquisition of Alinta Energy.

Hong Kong-listed company Samson Paper is back in the loan market, after a two and a half year absence, for a HK$570m ($73m) refinancing.

A short and limited syndication of a HK$28bn ($3.6bn) financing to support the take-private of Hong Kong-listed footwear company Belle International Holdings has wrapped up with one more bank jumping in.