Tencent bond deal raises $4.15bn as investors ignore tech crackdowns 

Tencent bond deal raises $4.15bn as investors ignore tech crackdowns 

(ATF) Tencent issued US$4.15 billion in US dollar bonds on Thursday, in one of the largest US dollar bond issuances in Asia this year. Final orders for the dollar-denominated bonds were worth $21 billion, it was reported, which allowed it to tighten the pricing of the four-part deal. Uptake for …

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China regulators try to ease doubt on Huarong amid talk of major rejig 

China regulators try to ease doubt on Huarong amid talk of rejig

(ATF) Chinese banking regulators rallied on Friday to try to quell investor doubts about Huarong Asset Management Company, which is struggling to pay bond debts in the short and medium-term. They say the company is operating normally and has plenty of liquidity. The government has been urging banks not to …

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HK challenge over SOE default may impact foreign bond purchases

HK challenge over defaulted SOE may impact foreign bond purchases

(ATF) The effectiveness of a peculiarity of China’s corporate bonds market is being tested in a case that could impact foreign investment in Chinese credits. According to the Financial Times, at least two legal challenges are being made in Hong Kong focused on so-called Keepwell deeds. Known as “letters of …

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China gets to grip with green bonds but net zero goal still way off 

China gets to grip with green bonds but net zero goal still way off 

China moved past the US in global green bond issues in the first quarter of this year – driven by Beijing’s goal of net zero carbon emissions by 2060 – but analysts say the country still faces having to raise $21.33 trillion of debt financing over the next 40 years …

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FTSE Russell to include China bonds in flagship index from October

FTSE Russell to include China bonds in flagship index from October

(ATF) FTSE Russell said on Monday it would include Chinese sovereign bonds in its flagship index from October 31, as it hinted at later possible inclusion of India in an emerging market benchmark. Chinese government bonds will be added to the FTSE World Government Bond Index (WGBI) over three years …

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China bond market opening up reveals some surprises

China bond market opening up reveals some surprises

(ATF) The opening up of China’s domestic bond market has gathered pace in the past year and revealed surprising resilience despite the recent build-up of debt and growth in defaults. Foreign participation has risen on the back of its inclusion in global bond indexes and the strength of the yuan …

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Chinese, Indian bonds offer harbour for investors fleeing Treasuries storm

Chinese, Indian bonds offer harbour for investors fleeing Treasuries storm

(ATF) The violent sell-off in US Treasuries has boosted the lure of higher yielding assets such as Chinese and Indian bonds which have historically had low correlation and are offering greater stability. Foreign investors have bought a net $41.5 billion of Chinese bonds since the start of the year, already …

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