The issuance of a sovereign panda bond, in addition to a dim sum bond from the Development Bank of Kazakhstan, will give the country Renminbi benchmarks.
Bogd Bank has increased its debut international notes to $100m, while the Development Bank of Mongolia has expanded its new bond to $750m, highlighting growing offshore investor interest in the frontier market’s financial institutions.
Airport Authority Hong Kong draws 2.9x subscription for its multi-tranche senior notes offering, underscoring resilient appetite for high-grade Hong Kong dollar debt; the airport's second runway will open in May.
The airline described the bond as a "good opportunity" to diversify funding sources and has committed HK$100bn in investments into its fleet, cabins, lounges and digital innovation.