ICBC
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Industrial and Commercial Bank of China (ICBC) and China Citic Bank are eyeing a total of Rmb120bn ($17.9bn) perpetual bonds, adding heavy supply to a market opened by Bank of China in January. -
China’s Jiuquan Iron & Steel (Group) Co, or Jisco for short, was able to find enough demand on Tuesday to cover its first international bond — a deal months in the making — raising $300m.
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Chinese state-owned investment bank Shenwan Hongyuan Group kicked off pre-marketing on Monday for its Hong Kong IPO.
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Industrial and Commercial Bank of China (ICBC) is set to issue a Rmb55bn tier two bond next week and a perpetual bond later this year, GlobalCapital understands.
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Country Garden Holdings Co raised $1.5bn in a dual tranche trade on Thursday. The longer dated tranche, a seven year tenor, is the longest dated bond from a high yield property borrower this year.
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The National Bank of Ras Al-Khaimah has picked banks for a dollar benchmark, keeping up the steady flow of Middle Eastern paper.
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Chinese online educator Koolearn Technology Holdings has wrapped up its Hong Kong IPO to the tune of HK$1.68bn ($213.9m), after pricing at the mid-point of the marketing range, according to a source close to the deal.
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BMW Auto Finance on Tuesday brought its biggest Chinese auto loan ABS since its market debut five years ago. The Rmb 5.5bn ($820m) deal, said bankers, showed that the market will boom this year.
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Chinese commercial banks’ rush to sell tier two bonds has begun. These banks look set to sell more subordinated debt this week than they did in the whole first quarter of 2018.
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The management of vaccine developer CanSino Biologics has hit the road to market its IPO of up to HK$1.26bn ($161m).
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Chinese online education company Koolearn Technology Holdings has launched a HK$1.83bn ($232.6m) IPO, nearly five months after it began pre-marketing.
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China’s state-owned ‘bad debt’ managers are making a comeback in the offshore market, after a rally in the sector. China Orient Asset Management Co this week became the second in a month to price bonds and there are more deals on the way. Addison Gong reports.
