China Oilfield attracts enthusiastic demand for $1 billion debut bond

HKMC’s inaugural public digital bond is the largest digital bond issuance globally to date and the first from a public-sector entity in Hong Kong.

Bauhinia 3 has a portfolio of 33 project and infrastructure loans across 28 projects, 12 countries and nine sub-sectors, with a value of $450.5m. HKMC issued Class D notes at non-investment grade -- a first in Asia.

The financial arm of Hyundai Motor Group is also planning for regular bond issuances in several local currencies, including Japanese yen.

Hong Kong's dim sum bond market has been growing strongly over the past 36 months.

The Chinese toll road operator received overwhelming demand for its debut €365 million H-share convertible bond, setting an example that other issuers could follow.

China's largest construction company and a local government financing vehicle from Tianjin add to a market struggling to digest a flood of new paper.