Shanghai Pudong Development Bank

State-owned CSC Financial Co has opened books on its HK$8.2bn ($1.1bn) IPO in Hong Kong, with value seen for the shares at the low end of the price range.

Chinese issuers stormed the primary debt market on Wednesday with Export-Import Bank of China, China Aluminum International Engineering Corp (Chalieco) and Changsha Pilot Investment Holdings Co among the borrowers attracting bids.

Free trade zone (FTZ) bonds are finally about to emerge in China, with the Shanghai Municipal Finance Bureau releasing a set of guidelines on the underwriting process of the city’s upcoming transaction.

A $3.5bn dual-tranche borrowing to back Tencent Holdings' acquisition of a stake in mobile gaming company Supercell, has been allocated. Three Chinese mandated lead arrangers and bookrunners held on to 60% of the loan at the end of general syndication.

TUS Holdings and a government financing vehicle from Zhuzhou sealed their respective bond offerings on Wednesday, with the former raking in $500m and the latter $300m.

Chinese issuers are returning to the international bond market after a one week national holiday, with TUS Holdings and Zhuzhou City Construction Development Group heading out with their deals.

Shui On Development made its return to the international bond market on Monday after almost two years, bagging $250m from a new three year unrated offering.

Three Chinese issuers went out to woo investors on Monday to get ahead of a potential boom in bond supply after announcements from the US Federal Reserve and Bank of Japan last week.

China National Chemical Corp’s $12.7bn acquisition loan for Syngenta, which drew eight commitments during general syndication, is expected be signed with the new lenders in the next two weeks, according to bankers.

Jiangsu Fang Yang Group is set to become the latest Chinese local government financing vehicle to issue a dollar-denominated bond, picking banks to arrange the offering.

China National Chemical Corp’s $12.7bn acquisition loan for Syngenta drew commitments from some 17 lenders, with the deal closing well oversubscribed, said bankers close to the matter.

ICBC (Singapore) and Haikou Meilan International Airport sold well-digested dim sum bonds on Thursday, managing to find decent demand despite a challenging funding environment.