ICBC
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Oil major BP and motorbike maker Harley-Davidson both hit the euro bond market on Tuesday, in the wake of the European Central Bank’s far bigger than expected first week of corporate bond purchases.
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Ghanaian cocoa agency, Ghana Cocoa Board (Cocobod), will raise a $600m loan from supranational and international lenders. The deal is Cocobod's third syndicated loan this year.
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BMW Auto Finance (China) has wrapped up its last foray of the year into the Chinese auto loan ABS market with a tightly priced deal. A diverse group of investors took up the senior tranche of the Rmb8bn ($1.14bn) trade, said bankers.
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Russian pulp and paper producer Ilim Group has launched syndication to refinance a $500m loan, according to bankers. The loan is one of the last expected to be signed in Russia's international syndicated market this year.
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Dongfeng Nissan Auto Finance bagged Rmb6.5bn ($920m) from its third auto loan ABS trade of the year on Wednesday. Despite being the largest ABS trade the originator has done, the four tranche deal was well covered.
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State-owned China Petrochemical Corp (Sinopec) raised $2bn from three dollar bonds on Monday, making a rapid comeback to the debt market.
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BMW Auto Finance (China) is planning a return to the auto loan ABS market next week with a Rmb8bn ($1.1bn) deal.
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Dongfeng Nissan Auto Finance, a joint venture between Japanese carmaker Nissan Motor and Chinese automaker Dongfeng Motor, will return to the Chinese auto loan ABS market on November 5 for its third deal of the year. The Rmb6.5bn ($920m) four-tranche note will be the issuer’s largest outing to date.
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The European Bank for Reconstruction and Development has printed a pair of tightly priced currency linked notes, showing that investors are accepting lower yields in return for exposure to potential currency appreciation.
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Small appliance maker JS Global Lifestyle Co has shelved its potential HK$3.62bn ($462.2m) Hong Kong listing after a week of bookbuilding.
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Huawei Technologies Co, a centrepiece in the ongoing US-China trade war, bagged Rmb3bn ($425m) from its first-ever onshore bond on Wednesday. Although the issuance opens up a new and cheap funding channel for the company, it will have to return to the dollar bond market to refinance its outstanding bond soon, bankers said.
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Chinese state-owned commodity chemicals producer Shanghai Huayi (Group) Co has sold an almost 10 times covered five year bond, while Yuzhou Properties Co raised $500m to fund a tender offer. Two local government financing vehicles also made their offshore debuts.