bmw

Panda bond issuance has picked up. It is being driven by German car manufacturers BMW and Daimler but UOB has just printed Singapore's first issue and sovereign interest remains high.

The German group is paying a hefty premium for control of its Chinese joint venture despite rising trade tensions. Local carmakers should get a price bump.

The BMW dealer now aims to raise $215 million and is believed to have secured enough demand to drag the offering across the line, even as Oman Investment Fund pulls out as a cornerstone investor.

BMW dealer Yongda Auto is aiming to raise at least $306 million, while copper producer China Nonferrous Mining is seeking at least $235 million from the first listing of Africa-based mining assets in Hong Kong.

China Polymetallic Mining aims to raise up to $163 million, while confectionary maker China Lifestyle eyes $96 million and BMW dealer Baoxin Auto targets as much as $527 million.

China’s second-biggest BMW dealer has agreed to buy rival Exactwin, which sells Jaguar, Land Rover and Volvo brands.

HSBC hires three and moves five global payments and cash management sales team members to Singapore, while also adding two additional staff in its trade and supply chain business in Hong Kong.

The deal is upsized by 25% after a recent share price rally proves not to be a deterrent.