Northeast Asia

The Hong Kong Monetary Authority’s newly unveiled Green and Sustainable Finance Grant Scheme is big on ambition but falls short on some areas that are growing in importance.

Cathay Pacific Airways has sold its first dollar bond in more than 20 years, battling suppressed business over the last two years to raise $650m from the long-overdue deal.

Korea Expressway Corp sold its first sustainability dollar bond on Monday, raising $500m as its scarcity value appealed to investors.

Four Chinese property companies rushed into the dollar bond market on Monday, following weeks of limited to no supply from the sector.

New Hope Service Holdings, a Chinese property manager, has launched its Hong Kong listing of up to HK$940m ($121m). It already has the support of Xiaomi Corp and Ke Holdings.

Nomura has named Oliver Holt as head of debt syndicate for Asia ex-Japan, succeeding veteran banker Alister Moss, who is taking on a new position at the bank.

Seven Chinese issuers bagged Rmb7.3bn ($1.14bn) from their inaugural sustainability-linked bonds (SLBs) in the onshore market, as part of Beijing’s efforts to meet its ambitious carbon goals.

One of Citi's Asia Pacific debt syndicate co-heads has left the bank, GlobalCapital Asia has learnt.

Chinese health insurance and healthcare crowdfunding platform Waterdrop has raised $360m after pricing its US IPO at the top of the marketed range.

China’s auto loan ABS market reopened strongly in May after a quiet few weeks, with SAIC-GMAC Automotive Finance Co, Volkswagen Finance (China) Co and domestic originator FAW Auto Finance Co all looking to price deals this week.

Guandong Haid Group Co, a Chinese agricultural and animal husbandry company, is in the loan market with its debut offshore borrowing of up to $400m.

Hong Kong's embattled Cathay Pacific Airways is gauging the market’s response for a new dollar bond, its first international outing in more than two decades.