Northeast Asia

Silicon wafer maker GlobalWafers raised $1bn this week from its debut in the equity-linked market, selling the largest convertible bond from a Taiwanese issuer in more than a decade.

SAIC Motor Corp’s auto financing arm is bringing a rare green auto loan deal to China’s ABS market. It is set to price the Rmb910m ($142m) transaction next week.

The Shanghai Stock Exchange on Tuesday cancelled applications for 26 corporate ABS deals, including two planned transactions from Ant Group’s consumer lending units.

A handful of Chinese investment grade names bombarded the dollar debt market on Tuesday, taking more than $2bn.

CMB International Capital Corp, China Merchants Bank's wholly-owned offshore financial services platform, jumped into the offshore market on Tuesday to raise $600m.

Zhongyu Gas Holdings, a Hong-Kong listed natural gas distribution company, pulled its debut dollar bond on Tuesday evening after setting final guidance, leading some away from the trade to speculate that an aggressive pricing approach scuppered the deal. But its hiccup didn’t deter other issuers from hitting the market. Morgan Davis reports.

Jinke Property Group Co raised $325m from its bond market return on Tuesday, with its deal receiving peak demand of about $1.45bn during bookbuilding.

Kanzhun, China’s largest online recruitment platform, is planning a $100m listing of American depository shares on the Nasdaq.

International loans from Chinese borrowers have gained pace, with a number of deals being launched into syndication recently. Liquidity is ample and bankers are confident of deal success — but some caution is essential.

China’s state-owned Zijin Mining Co is once again attempting to boost its relationship with international banks with a new $500m loan in syndication.

Debut Chinese borrowers are steadily returning to the dollar loan market, taking advantage of economic recovery in the country to raise money to finance their capital expenditure.

Country Garden Services Holdings rode on strong institutional investor demand to raise $2bn from a combined equity placement and convertible bond issue this week.