Chengdu LGFV prices club-style bond
Chengdu Jiaozi Financial Holding Group Co priced an ultra-tight $200m bond on Wednesday, turning to a group of largely Chinese banks for a club-style transaction.
Chengdu Jiaozi Financial Holding Group Co priced an ultra-tight $200m bond on Wednesday, turning to a group of largely Chinese banks for a club-style transaction.
China-based Fortune Auto Finance Co will launch a Rmb2.5bn ($381.5m) auto loan ABS transaction next week, the company’s first deal with an international rating. Meanwhile, Dongfeng Nissan Auto Finance Co is returning to the onshore market with a larger Rmb4.4bn trade.
IDFC First Bank raised Rp30bn ($409m) this week from a larger than expected sale of primary shares.
Suriname said on Wednesday that it had provided its bondholders with the data and reassurances they had requested, before extending the deadline on a consent solicitation that would grant the government additional debt relief while it negotiates an IMF deal.
Chile’s head of international finance said that the sovereign’s debut in the Formosa bond market this week was a natural continuation of the diversification of its funding sources, as Asian investors bought more than half of the government’s $1.5bn 32-year sustainable bond. The government has now issued green, social and sustainable notes in international markets.
Demand in Hong Kong’s IPO market is cooling after a scorching start to the year. This week combined secondary turbulence, disappointing debuts from three new listings and heavy selling of Chinese technology stocks. Investors are turning cautious, reports Jonathan Breen.
The Republic of the Philippines sold its first zero-coupon bond in the Japanese market this week.
Huatai Securities Co was back in the dollar market on Tuesday, marketing a dual tranche transaction more than a year after its last dollar sale.
AIA Group sold its second tier two dollar bond on Tuesday, coming to the market after Hong Kong’s new issuance regulations came into effect.