dcm

The structure of the bonds allows Chinese corporates to raise funds in multiple currencies with an onshore issuance. The Yulan bond market is still small.

CICC was the lead global coordinator on the Rmb2bn dim sum bond issuance with a yield of 3.35%; the bonds, which are becoming increasingly popular, were listed on the HKEX and will be used for Belt & Road initiatives.

There is a delay in guarantor Guotai Haitong’s business combination with Haitong Securities.

Deepak Dangayach to join as regional co-head, DCM; Vikram Chavali named managing director, head of global asset managers for Japan, Asia North, and Australia, and Asia South.

Interest rates and sluggish M&A activity have dimmed loan syndication across Asia; bright spots are with sectorial opportunities.

Listed on Abu Dhabi’s securities exchange, the $100 million three-year deal is executed via HSBC’s digital assets platform.

The funds have been raised to meet MTR’s growing spending needs for upcoming railway and real estate projects.

The Rmb2.5bn 2.0% notes are the German carmaker’s third onshore Renminbi bond issuance. The company told FA that the move is part of its funding diversification efforts.

Phill Hall has worked across Apac on a range of international capital markets transactions, including debt issues, covered bonds and Islamic finance, including in India and Australasia.